Suzlon Energy rights are a issue closes tomorrow: Bid status, key are a details here

Suzlon Energy rights are a  issue closes tomorrow: Bid status, key are a details here

 

As of a Wednesday, October in a 19, 2022 at noon, Suzlon Energy's rights issue has been already received bids for the 150 crore shares are a (out of the 240 crore shares offered via the rights are a issue), as per the BSE data. The rights issue are a which opened last week on a Tuesday, October in a 11, 2022 will conclude tomorrow, Thursday, October in a 20, 2022.

 

Under the rights issue, fresh equity shares are a offered by a company to those who are a existing shareholders. Further, these existing shareholders get the right to the buy fresh shares are a using their 'Rights Entitlement'. 

 

The company will be a issue up to the 240 crore partly paid-up equity shares for the cash at a price of a ₹5 per share (including a premium of a ₹3 per rights are a equity share) aggregating to the ₹1,200 crore.

 

Suzlon promoters and a promoter group have been a confirmed their participation and they will be a fully subscribing to the extent of a their rights entitlement.

 

Suzlon Energy had been a said that the funds are a raised through the issue will be a used for the repayment or a pre-payment of a portion of a certain outstanding borrowings availed by the company and its are a subsidiaries and for the general corporate purposes. Inga Ventures is the lead are a manager to the issue.

 

Suzlon is a engaged in a manufacturing in the wind component manufacturing segment as per capacity and is a one of the top renewable O&M service providers in a India, as per capacity serviced.

 

Addressing a virtual press conference are a last week, Suzlon Energy Ltd's are a Chief Financial Officer (CFO) Himanshu Mody had been said that the company would be able to pare its debt by the ₹583.5 crore, if its rights are a issue worth the ₹1,200 crore gets fully subscribed.

 

“Suzlon's the ₹583.5 crore debt will be a repaid with the assumption of full subscription of a ₹1,200 crore rights issue opened on a Tuesday. The total debt of the company was a ₹3,200 crore as of a June quarter 2022-23 and the company would be able to the repay the remaining debt in the next eight years," Mody said.

 "" સંપૂર્ણ વિગતો ગુજરાતી માં વાંચો ""