Suzlon Share Declines 3%

Shares tumble 3% as Sun Pharma's Dilip Shanghvi ends 2020 shareholder agreement

Shockwave in Stocks: Suzlon Slumps

Shares tumble 3% as Sun Pharma's Dilip Shanghvi ends 2020 shareholder agreement

Resignation and Investor's Intent

Investor group's director resigns; Shanghvi's statement assures continued investment in Suzlon

Stake Details

Shanghvi and associates held 7.4% stake; emphasize commitment to wind energy's potential

Debt Restructuring and Fund Raising

February 2020 saw approval of debt restructuring and issuance of equity shares to raise funds

History and Positive Turnaround

Sun Pharma's 2015 stake acquisition, followed by Suzlon's recent positive performance

Suzlon's Green Prospects

Growing interest in sustainable energy boosts Suzlon; stock delivers over 145% returns in the past year