Suzlon Energy touches lower circuit; is anything going wrong with renewable energy firm?

Suzlon Energy Share Price: Suzlon Energy shares touched the lower circuit on BSE on Monday (Jue 10, 2024) after Marc Desaedeleer resigned an as independent director from the company.

Suzlon Energy shares that closed at Rs 49.84 each on Friday sipped by five per cent to Monday's low of Rs 47.35 apiece. 

The stock of the renewable energy firm closed trading lower by 5.00 per cent, or Rs 2.49 at Rs 47.35 on Monday. 

Desaedeleer resigned from the company due to its failure to meet corporate governance standards.

The resignation is effective from 8 June.