Suzlon Energy to continue with rights issue opening next week

Suzlon Energy on Monday said it will continue with its Rs 1,200 crore rights issue opening October 11, after the demise of its founder and CMD Tulsi Tanti. The company informed the bourses that its promoters have reconfirmed their participation in the rights issue. “In continuation to the announcement dated 2nd October 2022 (about the demise of Tanti), promoters and promoter group have reconfirmed their participation in the proposed rights issue and have expressed their intention to subscribe to the full extent of their rights entitlement,” the regulatory filing stated.