February 17, 2007

No stake sale to fund REpower deal: Suzlon
PUNE, FEB 15 : Wind power company Suzlon Energy’s CMD Tulsi R Tanti denied reports that the company would sell shares to help fund its $1.3-billion bid for REpower Systems AG, Germany.
He said the company had already tied up 100% of the funds required for the acquisition. “There is no need to dilute equity to fund the acquisition and this is pure speculation with no basis to it,” Tanti said.