A corporate announcement has been made by Suzlon Energy Limited (SEL) to National Stock Exchange (NSE) for acquisition of tower business division of Suzlon Tower and Structures Limited (STSL) and Operations and Maintenance division of Suzlon Infrastructure Services Limited (SISL). STSL and SISL bother are wholly owned subsidiaries of SEL.
The has been made to facilitate reduction in costs, product improvement in operations, maintenance and services, overall advantage from vendors and suppliers of materials and services through common procurement facilities of SEL and efficient material management.
Price of Suzlon Energy on exchanges when the news was posted. [Suzlon Energy - BSE:Rs. 53.40 NSE:Rs. 53.45 ]
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