Suzlon Energy Ltd. (SUEL), Asia’s second-biggest wind-turbine maker, may sell shares on the London Stock Exchange (LSE) in its unit that makes the machines for use offshore, Chairman Tulsi Tanti said.
“If we do decide to list, it will be on the LSE,” Tanti said in an interview in Mumbai today, referring to Hamburg-based Senvion SE, the unit formerly known as Repower Systems SE.
Suzlon is targeting a share sale in the current financial year ending March as demand recovers, Kirti Vagadia, group head of finance, said this month.
Suzlon is leading gains in global wind-energy stocks on expectations that a five-year extension from bondholders and a new, pro-clean energy Indian government will push it toward recovery.
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