Suzlon Energy Ltd (NSE: SUZLON): First, let us tell you about the news of Suzlon Energy Ltd. After the market closed on Wednesday, the company informed that the corporate office had sent information related to the sale of One Earth.
The company informed us that a deal has been done with OE Business Park Private Limited i.e. OEBPPL.
Under this deal, the One Earth property, which was the corporate house of the company, will be sold, which the company will take back on lease.
The sale will be for more than Rs 400 crore. The company’s stock opened at Rs 75.70 against the closing price of Rs 74.16 on Thursday. After this, the stock crossed Rs 76.
Now The Management Told What Is Going To Happen?
A market expert told that land acquisition is very long and complicated.
This decision will reduce the amount to be paid as rent. Thus it is likely that the margin will continue to increase shortly.
This is a strategic step. We will continue to take steps on such sales.
Quick Fact
Suzlon Energy
| Company name | Suzlon Energy |
|---|---|
| News | Sale of One Earth property |
| Deal with | OE Business Park Private |
| Property Sale | ₹400 crore+ |
| Property Lease | One Earth taken back on lease |
| Opening Stock Price | ₹75.70 |
| Last Closing Price | ₹74.16 |
| High Stock Price | ₹76.1 |
| Strategy | Reduce rent payments, increase margin |
| Future Plans | More strategic sales steps |
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