Suzlon Energy Ltd (SUZLON)

Suzlon Energy's Weightage Increased on MSCI Global Standard Index - 15 May, 2024

Suzlon Energy's weightage has increased on the MSCI Global Standard Index, potentially leading to inflows worth $14 million. The company also approved a merger and transfer of its project business to wholly-owned subsidiaries. Brokerage firm Anand Rathi cited Suzlon's O&M portfolio and new products behind its bullish stance on the Wind Turbine manufacturer.

Suzlon Energy Approves Amalgamation Scheme - 13 May, 2024

Suzlon Energy has approved a scheme of amalgamation involving its wholly-owned subsidiary Suzlon Global Services Ltd and their respective shareholders and creditors. The company's shares fell 4.82% to Rs 37.95 on the day of the announcement. Analysts suggest that the stock is currently trading around 9.54% above its intrinsic value.

Suzlon Energy and Inox Wind stocks have high potential despite regulatory change - 06 May, 2024

Despite regulatory changes, Suzlon Energy and Inox Wind stocks are expected to perform well with current valuations capturing their upside potential over the next 1.5-2 years.

Suzlon Energy to Merge Subsidiaries, Transfer Project Business - 05 May, 2024

Suzlon Energy plans to merge its wholly-owned subsidiary Suzlon Global Services with the parent company and transfer project business on a slump sale basis. The amalgamation would simplify group structure and strengthen balance sheet for PSU bids. Shares of Suzlon Energy are down 91% from their record high in 16 years but have delivered multibagger returns over one, three, and five-year periods.

Suzlon Energy Approves Merger of Subsidiaries - 04 May, 2024

Suzlon Energy's board has approved the merger of its wholly-owned subsidiaries, Suzlon Global Services and Suzlon Energy Mauritius, with itself. The company also plans to transfer its project business through a slump sale to one or more wholly-owned subsidiaries. The merger strengthens the stand-alone balance sheet by combining two major businesses in the listed entity and enables Suzlon to provide wind turbine generator and operation and maintenance service contracts seamlessly under one entity.

Suzlon Announces Restructuring Plan and Merger Approval - 03 May, 2024

Suzlon Energy announces a restructuring plan that includes the merger of Suzlon Global Services and a capital reorganization exercise. The company also receives approval for the merger by absorption of Suzlon Global Services.

Gujarat High Court Stays Penalty Against Suzlon Energy - 19 Apr, 2024

The Gujarat High Court has issued an ad interim stay against the Rs 261 crore penalty levied by the National Faceless Assessment Centre, Income Tax Department, New Delhi, in March. The penalty was imposed for disallowance of depreciation on goodwill and late payment of provident fund and employees state insurance during FY2015-16 and FY2016-17.