RE Power stake to have positive impact on Suzlon: Manish Sonthalia

ET Now spoke to Manish Sonthalia, SVP - Fund Manager, Motilal Oswal Securities on Suzlon

How are you reading into the news on Sulzon? Does it seem like there would be no immediate synergies, which would come about from RE Power and, therefore, you may not see a lot of excitement in the Suzlon stock when it opens for trade today?

The balance 5% stake, which they are wanting to acquire will give them recourse to the cash, which they have on RE Power’s books, so till about six months back, it was closer to around 1000 crores, which they were not allowed to use in spite of having 95% stake, so the balance 5% stake whenever it comes through will give them access to the additional funds, which are standing on RE Power books. There will be more synergies so to speak, so some sort of a positive impact on Suzlon stock price not a hell of a lot based on the hub of developments.