Suzlon Energy Ltd, India’s biggest maker of wind turbines, announced on Thursday that it will sell 35% stake in Hansen Transmissions International NV.
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Suzlon, which owns 61% stake in the Belgian firm, will sell 235 million so-called depository interests that trade in London, according to a statement from the London Stock Exchange. After this stake sale, Suzlon will have to comply with a 180-day lock-in period, during which it cannot sell any more Hansen shares. In January this year, Suzlon had sold 10% of Hansen to Ecofin Ltd, a London-based private equity firm that invests in renewable energy businesses. After the sale, Suzlon will continue to hold 26% of Hansen.
Source: liveMINT.com
Source: liveMINT.com
