IDFC Private Equity Co. Ltd, the private equity (PE) arm of Infrastructure Development Finance Co. Ltd (IDFC), will swap its minority stake in SE Forge Ltd for shares in its listed parent company Suzlon Energy Ltd, the largest wind turbine maker in India. On Monday, Suzlon informed the Bombay Stock Exchange that its board will meet to consider an issue of 31.99 million equity shares of '2 each to IDFC Private Equity Fund III (IDFC PE) by way of preferential allotment. After the stock swap, SE Forge will become a wholly owned subsidiary of Suzlon. “This will give us an opportunity to take a broader exposure in multiple components through a stake in Suzlon,” said S.G. Shyam Sundar, managing director, IDFC PE. “It's a methodology through which we can look at liquidity.” […]