European wind turbine makers interested; deal could be $1 billion. The company aims to raise about $1 billion from the sale of a 61.28 per cent stake, said two banking sources.
Chennai-based Indowind Energy is in advanced stages of negotiations to acquire a wind energy company in Europe for an estimated price of around $100 million (Rs 400 crore). The acquisition, if successful, will help the wind energy and farming company to expand its footprint both in domestic and global markets.
Belgium-based Hansen Transmission, a Suzlon Energy subsidiary, has raised euro 400 million (about Rs 2,300 crore) by issuing 164 million shares through an initial public offering (IPO) to fund plans in India and China.
