Suzlon Energy share price: The company will issue a total of 240 crore equity shares at Rs 5 per share as part of the rights issue worth Rs 1,200 crore; bulk of the proceeds have been earmarked for repayment or pre-payment of debt, pegged at Rs 3,200 crore as on June 30, 2022.
Suzlon Energy shares slumped as much as 13.79 per cent to trade at Rs 7.50 from their previous close of Rs 8.70 on NSE during intraday trade today. On BSE, Suzlon fell 6.75 per cent to hit an intraday low of Rs 7.46.
In an interaction with Business Today at Suvarda, Gujarat, IC Mangal said that the company is set to make a come after facing huge challenges during the past 10-15 years. Edited excerpts: