Wind turbine maker, Suzlon Energy’s promoters has pledged 36% of their stake in the company. One of the promoters of the company Pranav Tanti pledged 72% of the total number of shares held by him in the company. It accounts for 2.39% shares of the company. Sanman Holdings, another promoter of the company, has revoked pledged shares of the company which account for 1.97% stake. With these pledging of shares by the promoters, the total percentage of shares pledged stands at 35.83%.
Recently, Suzlon Energy has received an approval to raise up to 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.
