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Indiabulls Financial reduces stake in Suzlon to 0.06%

Indiabulls Financial reduces stake in Suzlon to 0.06%
PTI
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First Published: Mon, Jan 04 2010. 12 07 PM IST
Updated: Mon, Jan 04 2010. 12 07 PM IST
Mumbai: Wind power major Suzlon Energy on Monday said financial services major Indiabulls Financial Services has reduced stake in the company to 0.6%, by way of releasing pledged shares.
As per a disclosure about pledged shares filed by Suzlon Energy with the Bombay Stock Exchange (BSE), Indiabulls Financial Services’ stake in the wind turbine supplier has reduced to 0.06%, from 5.42% earlier.
Indiabulls has released 8.33 crore shares representing 5.36% stake in the company on 1 January, 2010.
At the end of the September quarter, the promoters held 53.08% stake in Suzlon. Besides, a total of 43.28% of the promoter holding was pledged, as per the shareholding pattern as on 30 September.
Shares of Suzlon were trading at Rs90.50, up 0.17% over last closing on the BSE.
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First Published: Mon, Jan 04 2010. 12 07 PM IST