The company has announced that the Board of Directors of the Company, approved to transfer of entire equity shareholding in Suzlon Gujarat Wind Park Limited (SGWPL), a wholly owned subsidiary of the Company, to Suzlon Power Infrastructure Limited (SPIL), another wholly owned subsidiary of the Company.
Suzlon Ltd stock was higher by 4% at Rs. 13.The company has announced that the Board of Directors of the Company, approved to transfer of entire equity shareholding in Suzlon Gujarat Wind Park Limited (SGWPL), a wholly owned subsidiary of the Company, to Suzlon Power Infrastructure Limited (SPIL), another wholly owned subsidiary of the Company.
Pursuant to this transfer, SGWPL would become a wholly owned subsidiary of SPIL and would continue to be a step down wholly owned subsidiary of the Company and transfer of entire 98% equity shareholding in Suzlon Global Services Limited (SGSL) to Suzlon Structures Limited (SSL), another wholly owned subsidiary of the Company.
Suzlon Ltd stock was higher by 4% at Rs. 13.The company has announced that the Board of Directors of the Company, approved to transfer of entire equity shareholding in Suzlon Gujarat Wind Park Limited (SGWPL), a wholly owned subsidiary of the Company, to Suzlon Power Infrastructure Limited (SPIL), another wholly owned subsidiary of the Company.
Pursuant to this transfer, SGWPL would become a wholly owned subsidiary of SPIL and would continue to be a step down wholly owned subsidiary of the Company and transfer of entire 98% equity shareholding in Suzlon Global Services Limited (SGSL) to Suzlon Structures Limited (SSL), another wholly owned subsidiary of the Company.
The scrip opened at Rs. 13.1 and has touched a high and low of Rs. 13.33 and Rs. 13.1 respectively. So far 3734309(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 6461.39 crore.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 30.25 on 08-Apr-2015 and a 52 week low of Rs. 12.8 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 13.55 and Rs. 12.81 respectively.
The promoters holding in the company stood at 21.1 % while Institutions and Non-Institutions held 28.64 % and 50.05 % respectively.
The stock is currently trading below its 200 DMA.
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