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

01 Aug 2011 Evaluate

Suzlon Energy has received an approval to raise upto Rs 5,000 crore by issuance of equity shares and / or FCCB and / or GDR and / or IDR and / or FCD and / or such other equity linked instruments and / or any other instruments and / or combinations of instruments. The company received the approval at its board meeting held on July 30, 2011. Further, the approval is however subject to the members at the ensuing Annual General Meeting of the company.

Recently, Suzlon Energy’s indirect wholly owned subsidiary --AE-Rotor Holding BV, the Netherlands ('AERH')--which currently holds 174,632,079 depository receipts in Hansen representing 26.06% of the voting capital of Hansen had signed an irrevocable undertaking in the favour of ZF, thereby undertaking to accept the proposed offer subject to the terms and conditions of the Irrevocable Undertaking.

Suzlon energy is leader in wind energy in the India. 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

55.65 -1.10 (-1.94%)
30-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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