Suzlon Energy said its Securities Issue Committee at its meeting on October 31 approved the allotment of 240 crore partly paid-up equity shares at an issue price of Rs 5 per share
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.