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Suzlon Energy shares in focus as Rs 2,000 crore QIP kicks off; floor price at Rs 18 44 apiece

Suzlon Energy said its committee set the floor price of the QIP at Rs 18.44 a piece. It is based on the pricing formula prescribed under Regulation 176(1) of the SEBI ICDR Regulations.

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Suzlon Energy shares rise 5% as shareholders approve QIP to reduce debt

Suzlon Energy shares were stuck in the upper circuit of 5% at Rs 19.56 on BSE against the previous close of Rs 18.63. Market cap of Suzlon Energy rose to Rs 24,296 crore.

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suzlon energy qip: Suzlon Energy board approves QIP to raise up to Rs 2,000 crore

The floor price for the same has been fixed as Rs 18.44, which is nearly 6% discount from the current levels

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suzlon energy qip: Suzlon Energy launches QIP to raise up to Rs2,000 crore

The company says it has fixed a floor price of Rs18.44 per share for the QIP, which is a 5.7% discount from the stock s closing price of Rs19.56 per share on Wednesday on the BSE

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