Suzlon sees Mutual Funds cut their stake in the December quarter, Bank of Baroda also exits

Even Bank of Baroda, the state-run lender, who had a 1.05% stake at the end of the September quarter, does not feature in the latest shareholding details, indicating an exit.

However, the world's largest asset manager, BlackRock, which manages nearly $10 trillion worth of assets globally, now owns 5% of the company through various funds. The name of iShares Global and iShares Global Clean Energy ETF, entities of BlackRock feature in the latest shareholding, with a 1.41% and 1.09% stake respectively.

Belgrave Investment Fund, a London-based investment manager has also pared its stake in the wind turbine manufacturer to 2.73% at the end of December, from 3.48% in September.

Suzlon had won multiple orders towards the end of December for its 3 MW wind turbine series, the latter is the one it wants to focus on for future orders.

In an interaction with CNBC-TV18 in December last year, promoters of Suzlon had said that they do not plan to increase their stake in the company as of now. The promoters continue to hold just over 13% stake in the company.

Suzlon's shares had risen by nearly 50% in the October-December quarter. The stock has gained more than 200% over the last 12 months.