Suzlon Share Price: The Board of Directors of Suzlon Energy Company has approved the merger of its entirely owned subsidiary Suzlon Global Services Limited. Suzlon Global Services will be merged with Suzlone Energy Company. The decision by Suzlon Energy Company is pending clearance from the National Company Law tribunal Ahmedabad Bench and other necessary regulators.
Suzlon Company Decision
Suzlon Energy Company has decided to transfer its business projects to various subsidiaries on lump sale basis. Along with this, the company will also merge its entirely owned subsidiary Suzlon Energy Limited Mauritius. On Friday May 3, 2024, Suzlon Energy share closed at Rs 41.35, down 0.84 percent.
Suzlon Energy Company has informed stock exchange regulator SEBI that the company will undergo a capital restructuring exercise by implementing a scheme of arrangement through general reserve transfer and reclassification of its retained earnings. Even after this capital restructuring process there will be no change in the existing sharing pattern of Suzlon Energy Company.
Suzlon Share Price
On May 3, 2024, shares of Suzlon Energy Company were traded at Rs.42. The share touched a daily high price of Rs 42.30 during the trading session. Suzlon Energy stock finished the day down 0.77 percent at Rs 41.37. The total market capitalization of Suzlon Energy Company is Rs.56279 crores.
Shares of Suzlon Energy Company has earned a return of 414 percent to its investors in the last one year. The promoters held 13.29 per cent share capital in Suzlon Energy Company until the end of March 2024. While public investors held 86.71 per cent share capital of this company.