Shares of Suzlon Energy were up over 2% on huge volumes on reports that the debt-ridden company plans to turnaround by sale of non-core assets.
The wind-energy major plans to raise Rs 2,200 crore from sale of stake of its components manufacturing subsidiaries in the next 12-24 months, Economic Times reported on Monday.
Suzlon also hopes to recover dues worth Rs 1,100 crore from its US-based client Edison International to improve its liquidity position, the report added.
So far, over 11 million shares have changed hands on both the stock exchanges.
