• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai, Dec 7

Suzlon Energy Ltd’s subsidiary Hansen Transmission NV of Belgium, has commenced conditional dealings on the London Stock Exchange under the ticker symbol HSN. On Friday, the script was traded at 218 pence (1922 hrs IST) a hike of 24 per cent, over offer price of 175 pence per share.

Hansen said that the offer price for the IPO reflects a total market capitalisation of approximately £1.14 billion, or €1.60 billion, excluding the over-allotment option.

The company raised €400 million by issuing 164 million shares in the global offer. Suzlon acquired privately-held Hansen in May 2006 for €431 million, according to a release issued by Suzlon on Friday.

Entry to the official list of the LSE is expected to be formalised and trading will become unconditional on December 11.

Mr Ivan Brems, CEO of Hansen Transmissions, said, “The IPO will help us to achieve our objectives of building upon our strong market position in the wind industry, in particular the large-scale multi-MW wind turbine sector, and to expand our manufacturing capacity to meet increasing global demand from our customer base,” he said.

More Stories on : Non-conventional Energy | Stocks | Suzlon Energy Ltd

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
IIT Kanpur working on fog vision project for Rlys

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line