Suzlon slumps to record low on bourses
Shares of wind turbine-maker Suzlon Energy plummeted to all-time lows on the BSE and NSE today after one of the company's promoter groups, Samanvaya Holdings, sold a 2.08 per cent stake in the firm for Rs 100.45 crore.
By PTI | Updated:
MUMBAI: Shares of wind turbine-maker Suzlon Energy plummeted to all-time lows on the BSE and NSE today after one of the company's promoter groups, Samanvaya Holdings, sold a 2.08 per cent stake in the firm for Rs 100.45 crore.
Suzlon's scrip, which opened on a sluggish note, tumbled by by 8.78 per cent to a lifetime low of Rs 23.35 on the BSE in early trade, while on the NSE, the stock plunged by 9.16 per cent to a record low of Rs 23.30.
"Samanvaya Holdings has sold 3.7 crore shares, representing a 2.08 per cent stake in the wind-turbine maker, for Rs 100.45 crore through an open market transaction," Suzlon Energy had said in a disclosure to the BSE.
Post the sale of shares, Samanvaya Holdings's stake in Suzlon Energy has fallen to 1.86 per cent from 3.94 per cent previously, the disclosure added.
Suzlon's scrip, which opened on a sluggish note, tumbled by by 8.78 per cent to a lifetime low of Rs 23.35 on the BSE in early trade, while on the NSE, the stock plunged by 9.16 per cent to a record low of Rs 23.30.
"Samanvaya Holdings has sold 3.7 crore shares, representing a 2.08 per cent stake in the wind-turbine maker, for Rs 100.45 crore through an open market transaction," Suzlon Energy had said in a disclosure to the BSE.
Post the sale of shares, Samanvaya Holdings's stake in Suzlon Energy has fallen to 1.86 per cent from 3.94 per cent previously, the disclosure added.
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