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Hot Pursuit
10-Jul-23
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Suzlon Energy board OKs Rs 2,000-cr fund raising plan
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Suzlon Energy board approved raising upto Rs 2,000 crore through equity shares and / or convertible bonds (CBs) and / or non-convertible debt instruments (NCDs) and / or any other instruments on 7 July 2023.
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In an exchange filing, the company's board approved “Issuance of such number of fully paid-up equity shares and / or CBs, and / or NCDs and / or any other instruments and / or combination of instruments with or without detachable warrants with a right exercisable by the warrant holders to convert or subscribe to the equity shares or otherwise, in registered or bearer form, or any combination of the securities, in one or more tranches, denominated in Indian Rupee, through one or more private offerings or qualified institutions placement and / or any combination thereof, for an aggregate consideration not exceeding Rs 2,000 crores.”
The Suzlon Group is one of the leading renewable energy solutions provider in the world with presence in 17 countries.
The company reported consolidated net profit of Rs 279.89 crore in Q4 FY23 as against net loss of Rs 204.29 crore posted in Q4 FY22. Revenue from operations declined 30.8% year on year (YoY) to Rs 1,689.91 crore in the quarter ended 31 March 2023.
The scrip fell 3.13% to Rs 17.33 on the BSE.
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Previous News |
Suzlon Energy consolidated net profit rises 78.11% in the September 2023 quarter
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Suzlon Energy Ltd Slips 3.89%
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Suzlon Energy bags order for 69.3 MW wind power project
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Suzlon Energy hits lower circuit on profit selling
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31-Aug-23
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Suzlon Energy bags order of 50.4 MW from Sembcorp
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12-Apr-23
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Suzlon bags 50 MW wind power project from Sembcorp
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Suzlon Energy updates on Rights Issue
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Suzlon Energy declines on profit selling
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