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Suzlon Energy rises on plan to raise Rs 1,500 crore via sale of assets

02 Apr 2014 Evaluate

Suzlon Energy is currently trading at Rs. 11.41, up by 0.08 points or 0.71% from its previous closing of Rs. 11.33 on the BSE.

The scrip opened at Rs. 11.37 and has touched a high and low of Rs. 11.70 and Rs. 11.15 respectively. So far 1181155 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 15.10 on 22-Apr-2013 and a 52 week low of Rs. 5.72 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 11.70 and Rs. 9.50 respectively. The current market cap of the company is Rs. 2876.30 crore.

The promoters holding in the company stood at 39.19% while Institutions and Non-Institutions held 29.15% and 31.38% respectively.

Suzlon Energy is planning to raise around Rs 1,500 crore. In this regards, the company is planning to sell its assets in India and overseas. The process of selling assets would at least take 12 to 18 months.

Two of the fifteen assets, which the company plans to sell, are located abroad. These assets have components manufacturing facility and old plants. Suzlon wants to sell some of its assets in Gujarat, Maharashtra, Tamil Nadu and Pondicherry.

Suzlon Group comprises of Suzlon Energy and its subsidiaries, including Repower Systems SE. Suzlon Energy is leader in wind energy in the India, which is world’s fifth largest wind energy market. Its business model has range of services that include development, manufacturing, marketing, EPC project delivery and operations and maintenance of wind turbine generators around the world.

Suzlon Energy Share Price

45.85 0.55 (1.21%)
13-Apr-2026 16:59 View Price Chart
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