Yet, the bulls and bears on the street talk
as much about Tanti as his neighbours in Pune do. And why not? On May 24, 2007, when Suzlon announced the acquisition of REpower, the German wind turbine company in a $1.33 billion deal, the scrip was hovering around Rs.1150 on the floor. Within a week, the share price had zoomed to hover around Rs.1300. Clearly, Tanti is the latest darling of the bulls in Dalal Street. Tanti explains why the REpower acquisition has lit up so many fires in the market, “Integration with REpower will push Suzlon to the fourth-third spot globally by 2008. It will push our revenues from Europe to over 50%. We have been acquiring fast to expand and will continue to look for opportunities.” Europe is the largest market for wind energy and Suzlon now becomes the fourth ranked wind energy and turbine company in the world.
For Complete IIPM Article, Click on IIPM Article
as much about Tanti as his neighbours in Pune do. And why not? On May 24, 2007, when Suzlon announced the acquisition of REpower, the German wind turbine company in a $1.33 billion deal, the scrip was hovering around Rs.1150 on the floor. Within a week, the share price had zoomed to hover around Rs.1300. Clearly, Tanti is the latest darling of the bulls in Dalal Street. Tanti explains why the REpower acquisition has lit up so many fires in the market, “Integration with REpower will push Suzlon to the fourth-third spot globally by 2008. It will push our revenues from Europe to over 50%. We have been acquiring fast to expand and will continue to look for opportunities.” Europe is the largest market for wind energy and Suzlon now becomes the fourth ranked wind energy and turbine company in the world.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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