SUZLON ENERGY LTD. - Clarifies on News item
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| 31 Mar 2014 | |
| With reference to the news item appearing in the newspaper and media titled "Suzlon eyes Rs. 10k cr LSE listing for arm", Suzlon Energy Ltd has Clarified to BSE as under:<br/><br/>1. Suzlon is exploring various options to rebalance its capital structure and accordingly we would relook at our capital structure during the next financial year (FY 2014-15).<br/><br/>With reference to the media reports, it remains our policy to not to comment on what is market rumour and speculation.<br/><br/>2. As regard news item, "Suzlon to acquire US based company, we wish to clarify that Suzlon is merely buying a US based SPV company (Big Sky) owning certain assets which were sold by Suzlon to Big Sky, and which were partially financed by Suzlon through a loan and which is now in default. A formal announcement in this regard will be made shortly.<br/><br/>We wish to reiterate that the Company and its management remain committed to the highest standards of Corporate governance, and will communicate to the stock exchanges on developments as they happen." | |
| View all announcements for SUZLON ENERGY LTD. | Source: BSE India |
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