Fri Sep 06 04:34:25 UTC 2024: – Suzlon Energy has monetised non-core assets worth ₹440 crore as part of its strategy to become asset-light and unlock capital for growth
– The company announced disinvestment of its corporate headquarters One Earth
– Selling its corporate office space is seen as a strategic move to free up working capital for enhanced execution
– The transaction is viewed positively for strengthening Suzlon’s financial position and operational performance
– Suzlon Energy shares closed at ₹74.95 on the NSE and ₹74.98 on the BSE, down by 1.38%
– The BSE Sensex and Nifty 50 also saw a decline
– The company’s stock traded flat at ₹75.63 on the NSE at 9.52 am

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