Suzlon Energy on Wednesday announced opening of its Rs 1,200 crore rights issue on October 11, 2022.
“Suzlon Energy Ltd announces the opening of its Rs 1,200 crore rights issue on October 11, 2022,” a company statement said.
According to the statement, the company will issue up to 2,40 crore partly paid-up equity shares for cash at a price of Rs 5 per share (including a premium of Rs 3 per rights equity share) aggregating up to Rs 1,200 crore. The issue will be in the ratio of 5 rights equity shares for every 21 fully paid-up equity shares held by the eligible shareholders on the record date of October 4, 2022.
The last date of on-market renunciation of rights entitlements is October 14, 2022.
