Nov 01, 2013, 10.25 AM IST
The transition to the new corporate design and name change will take place in the next year 2014.
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Suzlon subsidiary REpower becomes Senvion
The transition to the new corporate design and name change will take place in the next year 2014.
Like this story, share it with millions of investors on M3
Suzlon subsidiary REpower becomes Senvion
The transition to the new corporate design and name change will take place in the next year 2014.
The transition to the new corporate design and name change will take place in the next year 2014, Suzlon Energy said in a statement.
"REpower has been using its name under a licence since 2001. The rights belong to a Swiss company that is now using this name itself. Therefore, the external corporate design will be gradually changed. REpower will thereafter identify itself using the new brand image worldwide," it said.
The announcement of the new name was agreed for 2013 with the licensor, the release said.
REpower Systems CEO Andreas Nauen said, "This is an important development for us in addition to having unique products and services we will also be the only company with this name."
As Senvion, the company will continue to build a strong brand and remain an innovative company in the wind energy industry, he said. REpower, founded in 2001, was acquired by Suzlon Energy in December 2009.
Also Read: Suzlon Energy Q2 net loss narrows to Rs 782.37cr
On November 01, 2013, at 11:13 hrs Suzlon Energy was quoting at Rs 10.12, up Rs 0.42, or 4.33 percent. The 52-week high of the share was Rs 26.90 and the 52-week low was Rs 5.72.
The latest book value of the company is Rs 10.19 per share. At current value, the price-to-book value of the company was 0.99.
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