Saturday, December 8, 2007

Suzlon arm Hansen to formally list on LSE on Dec. 11

Belgium-based Hansen Transmission International (Hansen), the subsidiary of Suzlon Energy, completed its initial public offering (IPO).

The offered price was 175 pence a share for the ordinary shares offered to the institutional investors in the IPO, which in turn reflects a total post-money market capitalization at the offer price of approx. Euro 1.60 billion.

The said shares of Hansen will be formally listed on the London Stock Exchange on Dec. 11, 2007 although conditional trading in the shares commenced on Dec. 06, 2007.

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