Suzlon Energy provides business update
Undertakes transfer of shareholding and restructuring of business
Suzlon Energy announced that the Board of Directors of the Company, vide circular resolution, approved the following :1. Transfer of entire equity shareholding in Suzlon Gujarat Wind Park (SGWPL), a wholly owned subsidiary of the Company, to Suzlon Power Infrastructure (SPIL), another wholly owned subsidiary of the Company. Pursuant to this transfer, SGWPL would become a wholly owned subsidiary of SPIL and would continue to be a step down wholly owned subsidiary of the Company.
2. Transfer of entire 98% equity shareholding in Suzlon Global Services (SGSL) to Suzlon Structures (SSL), another wholly owned subsidiary of the Company.
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