Suzlon Group announced that it has received approval of the company shareholders for divestment of Senvion SE, Germany to Centrebridge partners.
It has received approval from CDR EG (Empowered Group) for the sale of Senvion stake as well as to issue upto 1 billion equity shares of the company on preferential basis.
The board of director has given approval for sale of non-core asset namely SE forge; to make investments, give loans, guarantees and provide securities beyond the prescribed limits.
Shares of the company gained Rs 0.1, or 0.37%, to trade at Rs 27.10. The total volume of shares traded was 6,360,694 at the BSE (12.36 p.m., Monday).