Suzlon Energy Ltd.

Suzlon Energy’s promoters have sold 10.995 crore shares that is 6.19% of the paid up capital of the company for a total consideration of approximately Rs 240.40 crores. The part of funds raised through this transaction will be infused in the company by suitable mode. Balance funds will be utilized to release pledged shares by repayment of loans taken by promoters. After this transaction, promoters holding in the company reduced at approximately 44.46% of the paid up capital.

The company has reported net loss of Rs 930.90 crore for third quarter ended December 31, 2012 as compared to a net loss of Rs 314.57 crore for the same quarter in the previous year. Total income from operation of the company has decreased by 93.38% at Rs 101.20 crore for quarter under review as compared to Rs 1529.10 crore for the quarter ended December 31, 2011.