India's Suzlon Energy falls after outgoing director flags corporate governance issues

Suzlon Energy

10/06/2024 07:02

** Renewable energy solutions provider Suzlon Energy
 SUZL.NS  down 4.3% to 47.7 rupees
    ** Independent director Marc Desaedeleer resigns, citing
issues with corporate governance standards
    ** Over the last 18 months, "corporate governance standards
applied by the company did not meet my expectations,"
Desaedeleer said in resignation letter
    ** But adds is "pleased" with Suzlon's operational,
financial performance
    ** Suzlon Energy did not immediately respond to a Reuters
request for comment
    ** Trading vol hits 1.6x the 30-day avg
    ** Still, SUZL up 25% YTD, set for fifth straight year of
gains

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))