No decision on issuing shares to Suzlon: Shanthi Gears

MUMBAI: Gearbox manufacturer Shanthi Gears on Friday said it has not taken any decision on issuing shares to wind turbine maker Suzlon Energy.

"... the company has neither taken any decision nor entered into any agreement with Suzlon Energy for the issuance of any shares in the company to Suzlon Energy," the firm said in a filing to the Bombay Stock Exchange.

Shares of the company closed at Rs 73.75, up 9.42 per cent on the BSE.