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Suzlon Energy Opens its Rights Issue

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.