Millennium Post

Suzlon’s wealth erodes by Rs 4,100 cr in a year

Investors in debt-laden Suzlon Energy saw their wealth erode by a staggering Rs 4,100 crore in less than a year, as value of the wind turbine maker's shares more than halved from its 52-week high of Rs 39.10.

Shares of Suzlon Energy, which has failed to get more time to repay overseas debt worth USD 221 million, has taken a severe beating in the past many months. The scrip that touched the 52-week high of Rs 39.10 on October, 2011 has since then tumbled to close at Rs 15.90 on October 12, 2012 on the BSE.

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