Suzlon Energy has executed a Conveyance Deed with OE Business Park (OEBPPL) for sale of One Earth Property, being its corporate office. OEBPPL is a special purpose vehicle, shares of which are held by funds managed by 360 ONE Alternates Asset Management.
On completion of the sale, the One Earth Property would be leased back to the Company for a period of up to 5 years with sub-leasing and licensing rights. Further, the Company has also entered into agreements with the holders of the securities issued by OEBPPL providing the Company with a call option to purchase and granting the holders of the securities a put option to sell the securities.
The consideration received from such sale is Rs 440 crore (comprising of Rs 411.21 crore towards conveyance and Rs 28.79 crore towards reimbursement of stamp duty and registration charges).
Suzlon Energy is a pioneer in providing end-to-end wind power solutions for increasing demand for wind energy over the world. It has state of the art R & D centers & training campuses in India. Suzlon Group comprises of Suzlon Energy and its subsidiaries.
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| ABB India | 6833.55 |
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