February 15, 2007

Suzlon may sell equity for REpower bid
Thursday February 15, 04:15 PM
MUMBAI (Reuters) - Indian wind turbine maker Suzlon Energy Ltd. may sell shares to help fund its $1.3 billion bid for Germany's REpower and other expansion plans, a company source said on Thursday.
"This could be a possibility as only 30 percent equity is in public hands right now," the official, who did not wish to identified, told Reuters.
The Tanti family holds a 70 percent stake in the company.
"The debt component is much higher than Suzlon's own funds and it may have to go for an equity dilution," said an official from the company's banking consortium, who did not want to be identified.