Suzlon Energy completes sale of subsidiary - Tornado Solarfarms

Suzlon Energy has completed the sale of Tornado Solarfarms to CLP Wind Farms and accordingly Tornado has ceased to be a subsidiary of the the company.

As first part of the transaction, CLP acquired 49% stake in Tornado for a cash consideration of Rs.15.92 crore. And as second part of the transaction, CLP acquired balance 51% stake in Tornado for a cash consideration of Rs.16.57 crore.

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