There is a management shift news buzzing around and that too quite hi-profile.

News is that CFO of Suzlon Energy, Himanshu Mody, is set to step down from his position and join Samman Capital—the erstwhile Indiabulls Housing Finance—in a senior leadership capacity.

While neither Suzlon Energy nor Sammaan Capital have issued official statements, market observers note that Mody’s potential move comes at a pivotal juncture for both organisations.

Mody, who took over as CFO in August 2021, has been widely credited with steering Suzlon’s financial turnaround, culminating in a net debt–free balance sheet. His tenure saw the successful execution of capital-raising measures, including Qualified Institutional Placements (QIPs) and a rights issue, alongside disciplined financial restructuring.

The reported shift to Samman Capital suggests the non-bank lender is seeking experienced leadership to accelerate its growth in lending and investment businesses.

Suzlon will be declaring its earnings today but Sammaan Capital is a big gainer since this news came out; figuring among the top three gainers; from its close of Rs.115.05, the stock opened almost status quo at Rs.115.35 but mid-afternoon, when the news came in, stock rose to an intraday high at Rs.125.40. Its 52-week high is at Rs.179.35.