Hot Pursuit     10-Jul-23
Suzlon Energy board OKs Rs 2,000-cr fund raising plan
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.
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.

Previous News
  Suzlon Energy consolidated net profit rises 78.11% in the September 2023 quarter
 ( Results - Announcements 02-Nov-23   15:58 )
  Suzlon Energy Ltd Slips 3.89%
 ( Hot Pursuit - 05-Mar-24   09:30 )
  Suzlon wins 642 MW wind power project from Evren
 ( Corporate News - 30-Jan-24   10:21 )
  Suzlon Energy bags order for 69.3 MW wind power project
 ( Corporate News - 02-May-23   12:27 )
  Suzlon Energy to conduct board meeting
 ( Corporate News - 22-Feb-23   14:13 )
  Suzlon Energy hits lower circuit on profit selling
 ( Hot Pursuit - 31-Aug-23   15:27 )
  Suzlon Energy bags order of 50.4 MW from Sembcorp
 ( Hot Pursuit - 12-Apr-23   12:00 )
  Suzlon bags 50 MW wind power project from Sembcorp
 ( Corporate News - 12-Apr-23   11:34 )
  Suzlon Energy updates on Rights Issue
 ( Corporate News - 21-Oct-22   10:27 )
  Suzlon Energy declines on profit selling
 ( Hot Pursuit - 07-Dec-22   11:47 )
  Siemens Ltd Surges 4.81%
 ( Hot Pursuit - 07-Dec-22   09:30 )
Other Stories
  Shalby drops after PAT slides 20% YoY to Rs 16 cr in Q1 FY25
  08-Jul-24   16:01
  Tata Steel Production rises 5% YoY in Q1 FY24
  08-Jul-24   15:54
  PC Jeweller soars after PNB approves settlement
  08-Jul-24   15:26
  Godrej Inds gains after chemicals arm inks BTA to acquire Ethoxylation Unit II
  08-Jul-24   15:22
  GE Power sizzles after NTPC order win
  08-Jul-24   15:02
  Patel Engineering Ltd leads losers in 'A' group
  08-Jul-24   15:01
  Sundaram Multi Pap Ltd leads losers in 'B' group
  08-Jul-24   14:46
  Marine Electricals jumps after order win
  08-Jul-24   14:33
  Volumes soar at Metro Brands Ltd counter
  08-Jul-24   14:30
  Bank of India Q1 domestic deposits grow 10% YoY
  08-Jul-24   14:25
Back Top