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Suzlon Energy initiates sale of its subsidiaries

Capital Market 

Energy has initiated the sale of securities of its subsidiaries Renewables and Solafarms, subsidiaries of the company.

Accordingly, and have ceased to be subsidiaries of the company.

The Company has received an aggregate consideration of Rs.10.13 crore on sale of 26% of its existing stake in and the balance stake would be transferred on receiving the balance consideration of Rs.9.74 crore, which is proposed to be completed in due course.

The Company has received an aggregate consideration of Rs.5.06 crore on sale of 26% of its existing stake in and the balance stake would be transferred on receiving the balance consideration of 87 crore, which is proposed to be completed in due course.

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

First Published: Fri, May 24 2019. 19:33 IST
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