Suzlon promoter creates additional pledge equity in favour of SBICAP Trustee, not Adani Green Energy: SBI corrects 'typographical error'

The State Bank of India (SBI) has disclosed a typographical error in its earlier disclosure which claimed Suzlon promoter had created an additional pledge of 5.53 percent in favour of Adani Green Energy. In its recent disclosure, SBICAP Trustee clarified that the typographical error occurred in the target company's name and that the additional pledge has been created in favour of the SBICAP Trustee and not Adani Green Energy.

With this, the total equity pledged with SBICAP Trustee increases to 9.92 percent. Suzlon Energy Limited is an Indian multinational wind turbine manufacturer and renewable energy solutions provider based in Pune, India.