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HSBC downgrades Suzlon Energy

HSBC downgrades Suzlon Energy to “hold” from “overweight”.

Potential large foreign currency bonds conversion, 35% of FY15 equity, will likely restrict near-term stock price upside, says HSBC. 44 more words

Wind Energy

Suzlon to sell SE Forge, other assets

Tulsi Tanti-led Suzlon Group plans to raise Rs 2,500 crore by selling its Vadodra-based forging unit, SE Forge, and other assets, as the world’s fifth largest wind turbine maker looks to reduce its debt. 180 more words

Wind Energy

Suzlon Energy Ltd expects to turn profitable in fiscal 2016, says chairman Tulsi Tanti

Indian wind turbine maker Suzlon Energy LtdBSE -6.31 % expects to turn profitable in the fiscal year starting on April 1 after six years of losses, helped by a surge in demand for renewable energy and a reduction in its debt, its chairman said. 106 more words

Suzlon - A three way win win scenario

Suzlon, the wind turbine maker and the darling of the bourses in the mid 2000’s is now getting oxygen to come out of its poor financial performance thanks to the lifeline that the promoters of Sun Pharma namely Dilip Shanghvi, Sudhir Valia and other family members in their personal capacity have agreed to invest in Suzlon my infusing equity as well as working capital requirements. 703 more words

Business

Sun Pharmaceuticals founder Dilip Shanghvi in talks to acquire stake in Suzlon Energy

Sun Pharmaceuticals founder Dilip Shanghvi in talks to acquire stake in Suzlon Energy

 Source: http://economictimes.indiatimes.com/industry/energy/power/sun-pharmaceuticals-founder-dilip-shanghvi-in-talks-to-acquire-stake-in-suzlon-energy/articleshow/46222154.cms


Excerpts…

·         Sun Pharmaceuticals founder Dilip Shanghvi and Tulsi Tanti of Suzlon Energy, are in advanced talks for a multi-layer deal to eventually give the pharma baron’s family a stake in the debt-laden wind turbine maker.  502 more words

Suzlon

Suzlon buzzing on talk of deal with Sun Pharma

On Monday, when a majority of the stocks collapsed, the shares of Suzlon, whose fortunes have dramatically fluctuated over the past few years, gained 9 per cent intraday on the NSE, closing 5.4 per cent higher than its previous close. 177 more words

Wind Energy

Suzlon signs binding agreement with Centerbridge Partners LP for 100% sale of Senvion Energy SE

Date: January 22, 2015

Suzlon signs binding agreement with Centerbridge Partners LP for 100% sale of Senvion Energy SE

·         Equity value of EUR 1 bn (approx Rs72 bn) for 100% stake sale in an all cash deal and Earn Out of EUR 50 Million (approx Rs3.6 bn) … 449 more words

Suzlon