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.
Suzlon Energy shares fell 4.81 per cent to hit a low of Rs 16.62 on BSE. This was in addition to 4.95 per cent drop in the previous session, thus taking the two day fall to 9.52 per cent.
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