Windergy India 2023 to host Tulsi Tanti memorial lecture - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
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
The turbine maker, founded by the late Tulsi Tanti, has gone through two rounds of debt restructuring in its lifetime, the latest one in 2020 when its lenders decided to restructure the company s over ₹13,000 crore debt. From 2020, through the restructuring, promoter capital infusion and a rights issue, the company has brought down its gross debt to ₹1,806 crore as of June 30, 2023 and a positive consolidated net worth of ₹1,297 crore.
Suzlon Energy was recently in news after the wind turbine maker's board approved raising of up to Rs 2,000 crore funds, which represented 10 per cent of the market capitalisation of the BSE500 firm.