Big moves are underway at Suzlon Energy. Investors are keeping a close watch.
Suzlon Energy just completed a 51% acquisition of Renom Energy, making it a subsidiary in a Rs 660 crore deal.
Despite the big news, Suzlon’s stock fell on September 9. Investors are weighing the implications of the acquisition.
Over the last year, Suzlon Energy’s stock has surged 212%, outperforming Nifty’s 28% rise during the same period.
Suzlon’s sale of its iconic office boosts financial strength and supports growing project demands, say analysts.