{"id":527943,"date":"2022-10-10T09:21:35","date_gmt":"2022-10-10T03:51:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=527943"},"modified":"2022-10-10T09:47:59","modified_gmt":"2022-10-10T04:17:59","slug":"shanghvi-says-will-participate-in-suzlon-energys-rs-1200-cr-rights-issue","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/shanghvi-says-will-participate-in-suzlon-energys-rs-1200-cr-rights-issue\/","title":{"rendered":"Shanghvi says will participate in Suzlon Energy&#8217;s Rs 1,200-cr rights issue"},"content":{"rendered":"<p>Suzlon Energy, on Friday said, that Dilip Shanghvi, the founder of Sun Pharmaceuticals, had conveyed to the promoters of the company his intentions to fully participate in the firm&#8217;s upcoming Rs 1,200-cr rights issue. The rights issue will open on October 11, closing on October 20.<\/p>\n<p>Shanghvi had bought a 23 per cent stake in Suzlon for Rs Rs 1,800 crore in 2015, helping the company to return to profitability after it became India\u2019s largest convertible-bond defaulter in 2012.<\/p>\n<p>In a letter to the Suzlon promoters, Shanghvi said that he would subscribe for additional shares as part of the rights issue. &#8220;I believe in the future of green energy and the long-term growth of this sector, &#8221; he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Suzlon Energy, on Friday said, that Dilip Shanghvi, the founder of Sun Pharmaceuticals, had conveyed to the promoters of the company his intentions to fully participate in the firm&#8217;s upcoming Rs 1,200-cr rights issue. The rights issue will open on October 11, closing on October 20. Shanghvi had bought a 23 per cent stake in Suzlon for Rs Rs 1,800 crore in 2015, helping the company to return to profitability after it became India\u2019s largest convertible-bond defaulter in 2012. In a letter to the Suzlon promoters, Shanghvi said that he would subscribe for additional shares as part of the rights [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-527943","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/527943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=527943"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/527943\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=527943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=527943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=527943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}