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Suzlon Energy is currently trading at Rs.76.3, up by 1.66 points or 2.22% from its previous closing of Rs. 74.73 on the BSE.

The scrip opened at Rs. 75.28 and has touched a high and low of Rs. 75.53 and Rs. 72.80 respectively. So far 3232431 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 84.40 on 13-Aug-2024 and a 52 week low of Rs. 21.71 on 13-Sep-2023.

Last one week high and low of the scrip stood at Rs. 77.35 and Rs. 72.54 respectively. The current market cap of the company is Rs. 100830.59 crore.

The promoters holding in the company stood at 13.27%, while Institutions and Non-Institutions held 30.70% and 56.04% respectively.

Suzlon Energy has completed the acquisition of 51% of the equity share capital of Renom Energy Services (Renom). With the said acquisition, Renom has now become a subsidiary of the Company. 

Earlier, Suzlon Group had executed definitive agreements for the acquisition of a 76% stake in Renom, in two tranches, from the Sanjay Ghodawat Group (SGG). The first tranche involves the acquisition of a 51% stake for a consideration of Rs 400 crore. In the second tranche, Suzlon will acquire an additional 25% stake within 18 months from the acquisition of the first tranche for a consideration of Rs 260 crore.

This strategic acquisition will help unlock Renom’s core potential and position it from a place of strength to become a leading Independent Service Provider (ISP) and custodian of multi brand renewable energy assets. This deal will also enable Renom to leverage the massive opportunity of targeting over 32 GW of non-Suzlon wind energy assets in the country.

Suzlon Energy is a pioneer in providing end-to-end wind power solutions for increasing demand for wind energy over the world. It has state of the art R & D centers & training campuses in India. Suzlon Group comprises of Suzlon Energy and its subsidiaries.