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Corporate | Suzlon pays 30 mn euro for REpower stake

Corporate | Suzlon pays 30 mn euro for REpower stake
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First Published: Fri, May 01 2009. 11 32 PM IST
Updated: Fri, May 01 2009. 11 32 PM IST
New Delhi: Suzlon Energy Ltd, India’s largest maker of wind turbines, paid €30 million (around Rs200 crore) to Martifer SGPS SA as part payment for a stake in a REpower Systems AG, the Portuguese company said in a statement on its website.
The money was received on Thursday. Suzlon needs to pay the remaining €175 million this month to complete the purchase of the 22.4% stake in REpower, Martifer said.
Suzlon paid €65 million in December as the first instalment for the stake, Martifer said.
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Borge’s death: R-Adag officials get clean chit
Mumbai: Railway police on Friday gave clean chit to three officials of the Reliance-Anil Dhirubhai Ambani Group (R-Adag), whose statements were recorded in connection with the death of Air Works India Engineering Pvt. Ltd technician Bharat Borge.
These officials had met Borge at the Airworks hanger in Kalina on Monday, a day before he was found dead on the railway tracks in suburban Mumbai.
Borge was the technician who found pebbles and gravels in the fuel tank of Anil Ambani’s helicopter.
The officials who were given a clean chit are: security officer and former DGP, K.K. Kashyap, retired assistant commissioner of police Shailesh Kale and the company’s aviation security officer and Wing Commander (Retd) Sawla.
PTI
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Promoters to hike stake in GHCL: Sanjay Dalmia
New Delhi: Soda-ash maker Gujarat Heavy Chemicals Ltd chairman Sanjay Dalmia said on Friday that promoters would increase their shareholding in the company from about 18% “to a comfortable level”, over the next six-eight months.
The stake of Dalmia and other promoters, who have been barred by the Securities and Exchange Board of India from dealing in GHCL shares, has declined by about 30% in fiscal 2009.
He said the idea behind increasing the shareholding was to consolidate the controlling stake.
PTI
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First Published: Fri, May 01 2009. 11 32 PM IST