Epic Update : Suzlon Group

Suzlon Group, the world’s fifth largest wind turbine maker, has entered into an agreement with China’s Poly LongMa Energy (Dalian) – a conglomerate focused on conventional and green energy investments – to divest 75 percent stake in its China-based manufacturing subsidiary – Suzlon Energy Tianjin (SETL) – for $28 million, with the first tranche of payment completed per the terms of the agreement. Suzlon Group will continue to own 25 percent share in the company and participate in its operations as joint venture partner.



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