Banks to own 19% of Suzlon by Apr, 32% by Sept 2014

Last Updated: Friday, March 8, 2013, 23:25

Debt-laden wind turbine maker Suzlon Friday said its board has agreed to allot over 78 crore fresh shares, constituting about 32 percent of equity, worth about Rs 1,451 crore to banks as part of recent loan restructuring.

Suzlon Energy tanks 34%; m-cap goes down by Rs 1,458 crore

Last Updated: Thursday, February 28, 2013, 18:14

After falling over 44 percent to Rs 13.55, its record low in intra-day trade, the stock finally ended at Rs 16.05, down 33.81 percent on the BSE.

Suzlon net loss widens to Rs 1,154 crore

Last Updated: Thursday, February 14, 2013, 21:43

Wind turbine maker Suzlon Energy on Thursday reported a consolidated net loss of Rs 1,154.53 crore in the third quarter ended December 2012.

SEBI settles case with Suzlon, Tanti, 4 company execs

Last Updated: Wednesday, January 30, 2013, 21:47

Market regulator SEBI has disposed of proceedings against wind turbine maker Suzlon Energy, its chairman Tulsi Tanti and four other executives after they together paid Rs 12 lakh to settle charges related to alleged delay in amending insider trading norms.

Suzlon Energy bags order for supplying 22 MW of turbines

Last Updated: Monday, January 28, 2013, 14:21

"Suzlon Group has signed a contract for a 21.75 MW project with Sri Kumarswamy Mineral Exports Private Limited. The project comprises nine units of 1.25 MW and five units of 2.1 MW wind turbines," Suzlon Energy said in a statement.

Suzlon Energy gets lenders nod for Rs 9,500 cr CDR plan

Last Updated: Thursday, January 24, 2013, 19:42

Wind energy major Suzlon Thursday said its lenders, comprising 19 banks led by the SBI, have approved its proposal to rejig Rs 9,500 crore of domestic debt, providing a big relief to financially troubled company.

Sebi settles case against Suzlon's senior executive

Last Updated: Monday, January 21, 2013, 19:50

Market regulator Sebi has disposed of a case against a senior official of Suzlon Energy after he made a payment of Rs 6.80 lakh as settlement in the matter related to alleged violations of insider trading norms in 2009.

Sebi slaps Rs 1.5 crore fine on a individual in IPO fraud case

Last Updated: Friday, December 28, 2012, 18:37

Market regulator Sebi today imposed a penalty of Rs 1.50 crore on one Purshottam Budhwani for his alleged role in fraudulent trading practices in IPOs of 13 firms including Yes Bank and Suzlon Energy between 2003-2005.

Tanti Holdings sells over 96 lakh Suzlon shares for Rs 16.2 crore

Last Updated: Thursday, December 27, 2012, 00:10

Tanti Holdings, a promoter entity of Suzlon Energy, on Wednesday offloaded over 96 lakh shares of the wind turbine maker for Rs 16.28 crore in the open market.

Suzlon's promoters sell 2.11% stake; raises Rs 63 crore

Last Updated: Wednesday, December 26, 2012, 17:03

Suzlon Energy on Wednesday said its promoters have sold shares worth Rs 63 crore as part of corporate debt restructuring mechanism and the funds would be used to reduce liabilities.

SEBI imposes Rs 20 lakh fine on entity in IPO fraud case

Last Updated: Thursday, December 20, 2012, 21:31

Capital market regulator SEBI has imposed a penalty of Rs 20 lakh on one Biren Kantilal Shah for his alleged fraudulent trade practices in IPOs of Suzlon Energy and Infrastructure Development Finance Co Ltd (IDFC) in 2005.

Suzlon wins 105 MW order in Canada

Last Updated: Monday, December 17, 2012, 11:30

As part of this, a service and maintenance agreement (ISP) for a total of 15 years for the new projects was also concluded, the company said in a statement.