The biggest wind-turbine maker of the country, Suzlon Energy would sell 10% stake in its Belgium arm Hansen to a London-based investment firm. Hansen supplies industrial and wind gear boxes besides providing designs of business and manufacturing practices. It is planning to expand its network in India and China.

Suzlon said in a filing before the Bombay Stock Exchange that its Netherlands-based wholly-owned subsidiary AE-Rotor Holding has sold 6.70 crore shares to Ecofin. The amount of deal is not disclosed yet by any party.  

Suzlon’s share would decline to 61.28% while Ecofin’s share would increase to 11.62% after completion of the sell out process. Ecofin would not sell the acquired shares until June 30, 2009 according to terms and conditions of the agreement between the two companies.   

Suzlon has recently acquired Germany's biggest wind turbine maker REPower and is working on various ideas to fund its acquisition. Earlier, it had suspended the plan to issue the rights following uinstable condition of the stock market. The company may issue rights to raise funds worth $367 million after the stability in the financial market.