Suzlon Energy Terminates Shareholders Agreement, Altering Concert Party Status
Suzlon Energy Limited has announced the termination of its Amended and Restated Shareholders Agreement from February 28, 2020. The agreement between the Promoter Group and Investor Group has ended, changing their status from persons acting in concert (PACs) under SEBI regulations. The Investor Group issued a termination notice on September 25, 2023. Suzlon Energy confirmed no change in the shareholding of the Promoter and Promoter Group despite this termination.

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Suzlon Energy Limited , a prominent player in the renewable energy sector, has announced a significant change in its shareholder structure. The company has disclosed the termination of its Amended and Restated Shareholders Agreement, which was originally established on February 28, 2020.
Key Points of the Termination
- Agreement Termination: The Amended and Restated Shareholders Agreement dated February 28, 2020, has been terminated.
- Parties Involved: The agreement was between the Promoter Group and the Investor Group.
- Previous Status: Under the agreement, both groups were considered as persons acting in concert (PACs) under SEBI takeover regulations.
- Termination Notice: The Investor Group issued a termination notice dated September 25, 2023.
- Current Status: Following the termination, the Promoter Group and Investor Group are no longer considered PACs.
- Shareholding Impact: Suzlon Energy confirmed that there is no change in the shareholding of the Promoter and Promoter Group.
Regulatory Compliance
The company made this disclosure in compliance with SEBI regulations concerning substantial acquisition of shares and takeovers. This move ensures transparency and keeps shareholders and the market informed about significant changes in the company's ownership structure.
Implications
The termination of this agreement could potentially impact the dynamics of decision-making within Suzlon Energy. While the immediate shareholding remains unchanged, the altered status of the Promoter and Investor groups as non-PACs may influence future corporate actions and strategies.
Investors and market watchers will likely keep a close eye on any subsequent changes in the company's governance structure or strategic direction following this development.
Historical Stock Returns for Suzlon Energy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years | 
|---|---|---|---|---|---|
| +1.35% | +10.18% | +7.72% | +5.14% | -11.43% | +1,747.35% | 
















































