Small BusinessIndiabulls Financial reduces Suzlon stake to 0.06%
Wind power major Suzlon Energy today said financial services major Indiabulls Financial Services has reduced stake in the company to 0.6 per cent, by way of releasing pledged shares.
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As per a disclosure about pledged shares filed by Suzlon Energy with the Bombay Stock Exchange, Indiabulls Financial Services" stake in the wind turbine supplier has reduced to 0.06 per cent, from 5.42 per cent earlier.
Indiabulls has released 8.33 crore shares representing 5.36 per cent stake in the company on January 1, 2010.
At the end of the September quarter, the promoters held 53.08 per cent stake in Suzlon. Besides, a total of 43.28 per cent of the promoter holding was pledged, as per the shareholding pattern as on September 30.
Shares of Suzlon were trading at Rs 90.50, up 0.17 per cent over last closing on the BSE.