EnergyWatch

Suzlon Energy soars on stock exchange

The Indian wind turbine manufacturer has told its creditors that Canadian investor Brookfield is interested in acquiring majority position, according to media outlet.

Monday morning, Indian wind turbine manufacturer Suzlon Energy surges by 12.1 percent on the Mumbai Stock Exchange following rumors that the company has offered to sell the majority of its shares to Canadian Brookfield, writes Indian media outlet Economic Times, referring to anonymous sources familiar with the matter.

According to Economic Times, the wind turbine manufacturer has told its lenders that Canadian investor Brookfield is interested in acquiring a majority equity position, which would be a lifeline for the company and provide its means to repay loans.

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