On Wednesday's trading session, Suzlon Energy's share price witnessed a remarkable surge, soaring by nearly 5% to achieve a new 52-week high.

The rally was sparked by the news of Suzlon Energy's promoter releasing a pledge on a substantial block of shares totaling 97.10 crore (equivalent to 7.13% equity)

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In a recent exchange filing, SBICAP Trustee Company Limited announced the release of pledged shares in Suzlon Energy Limited, executed on September 28.

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This significant move marks SBICAP Trustee's strategic decision to divest its holdings in Suzlon Energy Limited

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Prior to this share disposal, SBICAP Trustee Company Limited possessed a substantial 7.13 percent stake in Suzlon Energy

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equivalent to 97,10,65,538 equity shares. However, as a result of this action, SBICAP Trustee now holds no remaining stake in Suzlon Energy.

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As of Wednesday afternoon at 12:42 pm IST, Suzlon Energy shares demonstrated a notable surge in value.

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Trading at Rs 27.95, the shares reflected a substantial increase of 3.71 percent, further illustrating the dynamic nature of the financial markets.

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