Wind turbines major Suzlon Group Monday said it has received shareholders' approval for divestment of the company's subsidiary Senvion SE, Germany to Centrebridge Partners.
According to the company, it has also received the approval from CDR EG (empowered group) for the sale of Senvion stake as well as to issue upto Rs.100 crore equity shares of the company on preferential basis.
"I am confident the bold decisions taken in the recent past by the company will pave the way for Suzlon's resurgence," said Tulsi R. Tanti, chairman, Suzlon Group.
"We will capitalize on our technological prowess, sustained market leadership of 18 years and best-in-class services to tap the immense growth opportunities in our home market, USA and other emerging economies," Tanti added.
The company added that it has also got the shareholder's approval for the sale of non-core asset namely SE Forge.
The company's (Suzlon Energy) scrip at the Bombay Stock Exchange (BSE) were up 1.11 percent at Rs.27.30 per equity share from the previous close of Rs.27.
