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Suzlon Energy provides business update

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To set up solar power projects

announced that the Company has signed Share Subscription and Shareholders' Agreement with Unisun Energy ("Unisun") and Vayudoot Solarfarms ("Vayudoot") for setting-up of solar power project under Vayudoot, presently a wholly owned subsidiary of the Company and eventually sale of Vayuddot.

Further the Company informed that, the Company has also signed Share Subscription and Shareholders' Agreements with Canadian Solar Energy Holding Singapore ("Canadian Solar") and Amun Solarfarms ("Amun") and Avighna Solarfarms ("Avighna") for setting-up of solar power project under Amun and Avighna respectively, presently wholly owned subsidiaries of the Company, and eventually sale of the said Amun and Avighna.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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