Suzlon shares surged over 7.5 per cent after the company signed an agreement to sell its Big Sky Wind Farm in the US to EverPower Wind Holdings.
The Pune-based company had acquired Big Sky from Edison Mission Energy last week through its fully-owned US subsidiary Suzlon Wind Energy Corp (SWECO).
On Tuesday, Suzlon Group’s German subsidiary Senvion SE (formerly REpower) had secured a €850 million working capital finance from a consortium of 14 banks headed by BayernLB, Commerzbank Aktiengesellschaft and Deutsche Bank AG.
The credit facility, an agreement for which was signed in March, is for a three-year period ending March 2017.
At 1:45 p.m., Suzlon shares were trading up 7.09 per cent at Rs 14.97 on the BSE.