Wind power major Suzlon group, on Saturday clarified that the open offer made by Dilip Shanghvi Family and Associates (DSA) and the existing promoters (Tanti Family) of Suzlon Energy Ltd (company) to the shareholders of the company is a mandatory open offer and is in accordance with the SEBI Regulations.
The offer is in accordance to the shareholder’s agreement signed on February 13, between the Suzlon Energy, DSA and the Tanti Family for preferential allotment of 100 crore equity shares at Rs. 18 per equity share.