Suzlon lines up funds to hike stake in REpower

The wind major will be acquiring the combined 53 per cent stake held by two other shareholders- French energy major Areva and Martifer, a Portugal-based real estate business group.

"We have firmed up euro syndicated loans to fund the buyout because we need to transact in euro" said Tulsi R Tanti, chairman and managing director, Suzlon Energy.

While the exact price at which the shares will be bought out is not known, Tanti indicated that it would be close to