The deal, announced last month, is expected to close in 7-9 months.
The company is locked in a battle for control of Mangalore Chemicals.
It had also backed a management buyout of public listed Igarashi Motors.
With this Suzlon would divest both its trophy assets acquired in 2006-08.
IVFA recently inked a deal to exit private FM radio operator Radio City.
E-com firms are not valued on the basis of their 'net revenues' Suresh. It's more a function of actual value of...
"This values the company at around $350 million, less than what it could have been valued at given its net revenues...
Sigh! 32 Million of tax payer's money...
no doubt now that india is going to fail in entrepreneurship also