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 spurts on turnaround Q4 performance
 ( Hot Pursuit - 31-May-23   11:01 )
  Suzlon Energy gains on bagging order from Apraava Energy
 ( Hot Pursuit - 28-Dec-23   11:06 )
  Board of Suzlon Energy approves amendment to Articles of Association
 ( Corporate News - 28-Jun-22   09:28 )
  Suzlon Energy reports consolidated net loss of Rs 736.44 crore in the December 2019 quarter
 ( Results - Announcements 13-Feb-20   08:40 )
  Suzlon Energy rises as Q3 PAT soars 108% YoY
 ( Hot Pursuit - 10-Feb-23   12:42 )
  Suzlon wins 642 MW wind power project from Evren
 ( Corporate News - 30-Jan-24   10:21 )
  Larsen & Toubro Ltd Falls 1.09%
 ( Hot Pursuit - 05-Apr-24   09:30 )
  Suzlon Energy gains on bagging wind power project in Gujarat
 ( Hot Pursuit - 15-Dec-23   10:06 )
  Suzlon Energy reports Q3 PAT at Rs 38 cr
 ( Hot Pursuit - 29-Jan-22   12:51 )
  Suzlon Group bags 204 MW wind power project
 ( Corporate News - 22-May-23   12:32 )
  Suzlon wins 103.95 MW wind power project
 ( Corporate News - 11-Jun-24   10:17 )
Other Stories
  Volumes soar at MMTC Ltd counter
  03-Jul-24   14:30
  Oil and Gas shares fall
  03-Jul-24   14:00
  Real Estate stocks edge lower
  03-Jul-24   14:00
  Energy stocks edge lower
  03-Jul-24   14:00
  Sundaram-Clayton gains after board OKs to raise funds upto Rs 400 cr
  03-Jul-24   13:38
  JSW Infra's subsidiary concession agreement V.O. Chidambaranar Port Authority
  03-Jul-24   13:34
  HDFC Bank Ltd spurts 2.62%, rises for third straight session
  03-Jul-24   13:05
  Samvardhana Motherson International Ltd gains for third consecutive session
  03-Jul-24   13:05
  ICICI Prudential Life Insurance Company Ltd spurts 2.47%, up for five straight sessions
  03-Jul-24   13:00
  Colgate-Palmolive (India) Ltd up for five straight sessions
  03-Jul-24   13:00
Back Top