Suzlon promoters sell Rs178 cr shares; stock down

Tulsi Tanti-owned Suzlon Energy has announced that two of its promoters sold 40 million shares in the company, which accounts to 2.25% of its paid-up capital.Vinod Ranchhodhbhai Hindu undivided family (HUF) and Sanman Holdings, who form a part of the promoter group, sold 2 crore shares each. With this, the promoter group's holding in the company reduced to 54.84% of the paid-up capital.According to data available on the National Stock Exchange (NSE) under the block deals, the promoters sold their shares at Rs44.7 per share, thereby rising around Rs178 crore.