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Dilip Shanghvi hasn’t given up on Suzlon yet, says he will keep the stake

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 […]

Heatwave alert: Delhi’s Najafgarh warmest in India at 47.4 degrees Celsius, check details – EQ

Dilip Shanghvi to keep Suzlon stake despite falling value

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 […]

Heatwave alert: Delhi’s Najafgarh warmest in India at 47.4 degrees Celsius, check details – EQ