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Suzlon Energy gets nod to raise funds upto Rs 5,000 crore

28 Jul 2014 Evaluate

Suzlon Energy has received an approval for issue of securities to the extent of Rs 5,000 crore. The board of directors at its meeting held on July 25, 2014 has approved for the same. This is an enabling resolution to facilitate the company to raise funds at an appropriate time should that be required.

The board has also approved to increase in authorized share capital of the company from Rs 1,100 crore to Rs 1,500 crore and alteration of the Capital Clause of the Memorandum of Association of the company.

Suzlon Group comprises of Suzlon Energy and its subsidiaries, including Repower Systems SE. Suzlon Energy is leader in wind energy in the India, which is world’s fifth largest wind energy market. Its business model has range of services that include development, manufacturing, marketing, EPC project delivery and operations and maintenance of wind turbine generators around the world.

Suzlon Energy Share Price

53.92 0.28 (0.52%)
10-Jul-2026 16:59 View Price Chart
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