Suzlon Energy shares fell to 5 percent, extending losses for the eighth straight session. The sharp decline of over 12 percent in a week follows an ‘advisory cum warning’ letter issued by BSE and National Stock Exchange (NSE) earlier this month.This letter highlighted concerns regarding corporate governance practices after the resignation of independent director Marc Desaedeleer.Stock exchange...

Investor and trader WhatsApp groups are flush with doomsday predictions. And amid all of this, large blocks of shares are getting absorbed without a hitch. A 7 percent intra-day fall has been reversed in three trading sessions and retail investors simply can’t seem to have enough. A section of the market is wondering if this could be India’s version of the GameStop moment in the US, where inst...

Wind out of the sailsHNIs holding large positions in Suzlon shares are jittery. Reason: the resignation of independent director Marc Desaedeeler. Now, independent directors quitting rarely makes headlines. But in this case, Desaedeeler has flagged corporate governance issues on his way out. The story around the shift to renewables and debt reduction saw Suzlon shares more than treble over the last...

Renewable energy solutions provider Suzlon Group on Wednesday said it has bagged new orders for the development of 402 MW wind energy projects from Juniper Green Energy.Suzlon will install a total of 134 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3 MW for both projects at the Suzlon proposed site at Fatehgarh in Rajasthan, a company statement s...

Wind energy firm Suzlon Energy said on Thursday that its Rs 1,200-crore rights issue was oversubscribed by 1.8 times. The rights issue of partly paid-up equity shares closed successfully on Thursday. The issue was for cash at a price of Rs 5, including a premium of Rs 3 per rights equity share, aggregating up to Rs 1,200 crore. The issue resulted in a subscription of 4,354.6 million shares, an o...