Wind turbine major Suzlon Energy on Thursday said it would sell its 35 per cent stake in the Belgian company, Hansen Transmissions.
Suzlon, which holds a 61 per cent stake in Hansen through its Netherlands-based subsidiary AE-Rotor Holding BV, would sell 35 per cent stake in Hansen through a book-building process, Suzlon said in a filing to the Bombay Stock Exchange.
The market capitalisation of Hansen stands at around £777 million.
Calculated on the basis of the current market valuation of Hansen, the sale would fetch Suzlon around £272 million (over Rs. 2,000 crore).
