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.
The company will issue up to 2.4 billion partly paid-up shares for cash, at a price of ₹5 per rights equity share aggregating up to ₹1,200 crore to its eligible equity shareholders in the ratio of 5 rights equity shares for every 21 fully paid-up equity shares held by the eligible equity shareholders