Suzlon Energy Opens its Rights Issue

Suzlon Energy Limited manufacturers in the wind component manufacturing segment as per capacity, and one of the top renewable O&M service providers in India, has opened its rights issue to raise up to Rs. 1,200 crore, on October 11, 2022. 

The entitlement ratio for the rights issue is 5:21 (five shares for every twenty one equity shares held by eligible shareholders of the company, as on the record date of October 4, 2022). With a footprint across 17 countries spread over six continents, Suzlon contributes towards nearly 33% of India’s wind installed base. It is also the largest wind O&M service provider in India, in terms of capacity. The Company also has an installed capacity of approximately 5.96 GW outside India, aggregating to a global installed capacity of 19.44 GW.