Tanti Holdings stake in Suzlon Energy drops to 1.65 pc

NEW DELHI: Suzlon Energy today said the stake of Tanti Holdings Pvt Ltd, a promoter group entity, has come down to 1.65 per cent due to pledging of shares.

Tanti Holdings pledged 1.3 crore shares, or 0.74 per cent stake, in favour of SICOM, according to a regulatory filing.

This transaction took place on April 9, this month. Prior to the pledging, Tanti Holdings held 2.39 per cent stake in Suzlon.

In December last year, two promoter group firms -- Tanti Holdings and Samanvaya Holdings -- had pledged 1.68 per cent stake in the company.

Shares of Suzlon Energy today closed Rs 24.30 apiece, up 0.62 per cent on the BSE