Suzlon’s Tanti Says London Top Choice for Listing Unit

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.

To contact the reporter on this story: Abhishek Shanker in Mumbai at ashanker1@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.