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Suzlon Energy Limited ₹1,200 Crore Rights Issue to Open on October 11, 2022


Chandigarh, (Gurpreet0 : Suzlon Energy Limited, one of India’s top manufacturers in the wind component manufacturing segment as per capacity and are one of the top renewable O&M service providers in India, as per capacity serviced (Source: CRISIL Report), announces the opening of its ₹1,200 crore Rights Issue, on October 11, 2022.

The Company will issue up to 2,400,000,000 partly paid-up Equity Shares for cash, at a price of ₹5 per Rights Equity Share (including a premium of ₹3 per Rights Equity Share) aggregating up to ₹1,200 crore* on a rights basis 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 on the record date, that is on Tuesday, October 4, 2022. The last date of on-market renunciation of rights entitlements is October 14, 2022.

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