Suzlon Energy’s promoters re-confirm participation in rights issue; stock rises up to 3%
The ₹1,200-crore rights issue of Suzlon Energy will open for subscription on October 11 and will close on October 20.
The ₹1,200-crore rights issue of Suzlon Energy will open for subscription on October 11 and will close on October 20.
Tulsi Tanti, the founder, president and CEO of Suzlon Group, suffered a cardiac arrest on October 1 and passed away on the same day.
The funds raised through the rights issue will be used for repayment of a portion of outstanding borrowings and to meet general corporate purposes.