Suzlon Energy Sells Pune Headquarters for Rs 4.4 Billion
Sale and leaseback transactions like this allow companies to convert real estate assets into liquid capital while continuing to use the property.
Suzlon EnergyPuneRenewable EnergySale And LeasebackWind EnergyReal Estate PuneSep 06, 2024
The sale and leaseback transaction is a common practice among companies, allowing them to free up capital tied up in real estate assets while still maintaining control over the property. This move is expected to provide Suzlon Energy with a significant influx of capital, which can be used to fund its operations and growth plans.
Suzlon Energy is a leading player in the renewable energy sector, with a focus on wind energy. The company has been working to expand its presence in the market and has been investing in new technologies and infrastructure.
The sale of its Pune headquarters is seen as a strategic move by the company to optimize its asset base and improve its financial flexibility. The transaction is expected to be completed in the coming weeks.
About Suzlon Energy
Suzlon Energy is a leading renewable energy company with a focus on wind energy. The company has a strong presence in the Indian market and has been working to expand its operations globally.
FAQs
Q What is the value of the sale and leaseback transaction?
A The sale and leaseback transaction is valued at Rs 4.4 billion.
Q What will Suzlon Energy use the funds from the transaction for?
A The company is expected to use the funds to support its operations and growth plans.
Q What is the significance of the sale and leaseback transaction for Suzlon Energy?
A The transaction will allow Suzlon Energy to free up capital tied up in real estate assets while still maintaining control over the property.
Q Who is Suzlon Energy?
A Suzlon Energy is a leading renewable energy company with a focus on wind energy.
Q What is the company's business focus?
A Suzlon Energy's business focus is on wind energy, and it has been working to expand its presence in the market.
Tags Suzlon Energy, Pune, Renewable Energy, Sale and Leaseback, Wind Energy
Frequently Asked Questions
What is the value of the sale and leaseback transaction?
The sale and leaseback transaction is valued at Rs 4.4 billion.
What will Suzlon Energy use the funds from the transaction for?
The company is expected to use the funds to support its operations and growth plans.
What is the significance of the sale and leaseback transaction for Suzlon Energy?
The transaction will allow Suzlon Energy to free up capital tied up in real estate assets while still maintaining control over the property.
Who is Suzlon Energy?
Suzlon Energy is a leading renewable energy company with a focus on wind energy.
What is the company's business focus?
Suzlon Energy's business focus is on wind energy, and it has been working to expand its presence in the market.
Related News Articles
Mumbai Real Estate Developer and CEO Embroiled in ₹13.65 Crore Fraud Case
A Mumbai-based real estate developer and CEO have been booked for allegedly forging documents and duping a partner of ₹13.65 crore in a Bhandup land deal.
Mumbai Property Registration Revenue Surges 52% YoY to Rs 1,081 Crore This Diwali
According to data from the Inspector General of Registration (IGR), Maharashtra, property registrations in Mumbai witnessed a remarkable 22% year-over-year increase, with 11,861 homes registered in October 2024, compared to 9,736 in November 2023.
AI Bubble Deflating: Zoho's Sridhar Vembu Stresses Importance of Real Engineering Work
Zoho CEO Sridhar Vembu discusses the potential deflation of the AI bubble and emphasizes the enduring importance of real engineering work in the tech industry.
ED Seizes ₹19.61 Crore from Karrm Developers Linked to Vivek Oberoi in Real Estate Scandal
The Enforcement Directorate (ED) in Mumbai has taken action against Karrm Developers, a real estate firm associated with actor Vivek Oberoi, by seizing assets worth ₹19.61 crore. The action is part of an ongoing investigation into financial misconduct in the affordable housing sector.
Mumbai Sees Record-Breaking Property Registration in March 2025
Mumbai witnessed a surge in property registration in March 2025, driven by the impending hike in reckoner rates set to take effect from April 2025. This surge highlights the robust demand in the city's real estate market.
Private Equity Investments Fuel 133% Surge in Real Estate Deal Volumes in Q1 2025
Real estate deal volumes soared by 133% in the first quarter of 2025, driven predominantly by private equity (PE) investments, which accounted for 88% of the total transactions.