In 2015, Shanghvi bought 23 percent stake in Suzlon for Rs 18 billion, helping the company to return to profitability after it became India’s largest convertible-bond defaulter in 2012. Despite witnessing degrading financial health year after year, Indian billionaire Dilip Shanghvi is not yet ready to give up on renewable-energy major Suzlon Energy. In an […]

Dilip Shanghvi proved a white knight for Suzlon in 2015 when he bought 23% stake for ₹1,800 crore Suzlon still hasn’t exited debt-restructuring program, missing deadlines since 2017 SUN PHARMA: Billionaire Dilip Shanghvi intends to stay invested in unprofitable wind-turbine maker Suzlon Energy Ltd. even though the company’s financial health has worsened over the last few […]