Suzlon board approves acquisition of subsidiaries
MUMBAI: Suzlon Energy Ltd has informed BSE that the board of directors of the company has approved the acquisition of tower business division of Suzlon Towers and Structures Ltd and operations and maintenance division of Suzlon Infrastructure Services Lt d, both are wholly owned subsidiaries of the company, under a composite scheme of arrangement, subject to receipt of all statutory and regulatory approvals.
The arrangement will facilitate reduction in costs, product improvement, improvement in operations, maintenance and services, overall advantage from vendors and suppliers of materials and services through common procurement facilities of SEL and efficien t material management. — Our Bureau
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