Suzlon Energy Ltd. said the promoters had sold 10.995 crore shares, representing 6.19 percent of the paid-up capital of the company for a total consideration of around Rs.240.40 crore.
The company said the proceeds from the stake stale would be infused into the company by suitable mode at the earliest, subject to applicable law to comply with equity infusion requirement under CDR mechanism as promoter contribution, which in current liquidity situation would also support the operations of the company.
Post sale, the promoters Group's holding in the company stands reduced to around 44.46 percent.
At the BSE, Suzlon Energy shares are currently trading at Rs.23.20, down 4.33 percent from the previous close.
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