Suzlon open offer begins on Wednesday

Shares of Suzlon Energy will remain in focus, as the open offer from Dilip Shanghvi family and associates to buy another 26 per cent stake for ₹2,837 crore in the company begins on Wednesday. The offer price is fixed at ₹18 a share. Suzlon in February had signed definitive agreements with Dilip Shanghvi & Associates for investments of ₹1,800 crore, entailing 23 per cent equity holding. Following this, the open offer has become mandatory, according to SEBI norms.