New Delhi, Sep 27 (IANS) Dilip Shanghvi family will continue as investors in Suzlon, but have terminated a formal Shareholder’s Agreement. "While we will continue as investors in the company, we have taken a decision to terminate the formal Shareholder’s Agreement signed in 2015," Dilip Shanghvi said on the termination of the agreement with Suzlon.
Dilip Shanghvi on behalf of Dilip Shanghvi Family and Associates (DSA) said, “Over the last eight years, we have had a fruitful association with Suzlon and the Tanti family. I always had and continue to have great respect and admiration for Tulsibhai. He was a great entrepreneur, a visionary and a renowned expert on clean energy.”
“We signed a mutual agreement with Suzlon and it’s promoters in February 2015, making investments to help the company capitalize on the growing opportunities in the renewable energy sector. We support the management’s plan to aggressively grow the business as well as their efforts towards regaining market share. The company has seen a turnaround under a challenging environment, which is a positive sign,” the statement said.
“We continue to be excited about the future and prospect of wind energy and its importance in achieving the net-zero objectives of our Prime Minister and the government," it added.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.