Suzlon subsidiary Hansen completes IPO to institutional investors

New Delhi, Dec 7 (UNI) Suzlon Energy Ltd today said its Belgium based subsidiary Hansen Transmission International NV ('Hansen') has completed the Initial Public Offering ('IPO') at an offer price of 175 pence per share to institutional investors.

The total post-money market capitalisation at the offer price is about 1.60 billion euro, said a statement.

The said shares of Hansen will be formally listed on the London Stock Exchange (LSE) on December 11, 2007 although conditional trading in the shares has commenced on December 6, 2007.

UNI