Suzlon Energy Founders Plan Stake Sale

Energy, a leading renewable energy company, may see a shift in its shareholding as its founders plan a secondary share sale. Sources indicate that the founders, including Vinod R. Tanti (as karta of Ranchhodbhai Ramjibhai HUF), Vinod R. Tanti and Jitendra R. Tanti (as trustees of RR Family Trust), The Tanti Trust (trustees Vinod R. Tanti, Girish R. Tanti, and Jitendra R. Tanti), Tanti Holdings Private Limited, and Rambhaben Ukabhai Tanti, intend to offload up to 200 million shares, representing 1.47% of their stake in the company. The transaction will be facilitated by ICICI Securities and Motilal Oswal Investment Advisors, acting as brokers. This move could influence Suzlon’s stock price, drawing attention from investors tracking the renewable energy sector.