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:
New Delhi, Oct 3: Suzlon Energy on Monday said it will continue with its Rs 1,200 crore rights issue opening October 11, after the demise of its founder and CMD Tulsi Tanti. The company informed the bourses that its promoters have reconfirmed their participation in the rights issue. “In continuation to the announcement dated 2nd October 2022 (about the demise of Tanti), promoters and promoter group have reconfirmed their participation in the proposed rights issue and have expressed their intention […]