suzlon energy rights issue, Date, 2024: suzlon energy right issue is to open on 6 March 2024 and will close on 20 March 2024. suzlon energy right issue Record date is 27 Feb 2024. The suzlon energy is to offer 523,185,254 Equity shares at a price of ₹22 per share. The suzlon energy right issue size will be ₹1,151.00 Cr. For More Details Check out suzlon energy right issue details.
Suzlon Energy one of India’s top manufacturers in the wind component manufacturing segment as per capacity and are one ofthe top renewable O&M service providers in India, as per capacity serviced. We focus on the integrated design, engineering, development and manufacture of technologically advanced wind turbine generators (“WTGs”). We endeavour to focus on high performance and cost-efficiency.
Suzlon Energy also provide related turnkey solutions by supplying WTGs and offering a variety of services such as wind resource mapping, identification of suitable sites, technical planning of wind energy projects, EPC and after-sales O&M services. We also provide power evacuation facilities through our one of our Subsidiaries, SPIL and land acquisition and site development and balance of plant work through another Subsidiary, SGWPL,for the WTGs we supply in India.
Object of the Issue
Our Company intends to utilise the net proceeds from the Issue (the “Net Proceeds”) towards funding of repayment or pre-payment of a portion of certain outstanding borrowings availed by our Company and its Subsidiaries. Subject to approval from the RTL Lenders, our Company may utilise a portion of the Net Proceeds towards general corporate purposes, provided that the total amount utilised towards general corporate purposes shall not exceed 25% of the Issue Proceeds.
The main objects and objects incidental or ancillary to the main objects as stated in the Memorandum of Association enable us to undertake:
- our existing activities.
- the activities for which the borrowings were availed and which are proposed to be repaid from the Net Proceeds.
- the activities for which funds earmarked towards general corporate purposes shall be used.
suzlon energy Right Issue 2024 Details
| Open Date | 11 Oct 2022 |
|---|---|
| Close Date | 20 Oct 2022 |
| Issue Size | ₹1200 Cr. |
| Issue Equity | 2,400,000,000 Equity Shares |
| Issue Price Band | ₹5 Per Share |
| Face Value | ₹2 Per Share |
| Listing | BSE & NSE |
| Entitlement | 5 Equity Shares for every 21 Equity Shares held on the Record Date |
| Drhp | Click Here |
| Share Price | Click Here |
suzlon energy Right Issue 2024 Time Table & Dates 2024
| Record Date | 4 Oct 2022 |
|---|---|
| Bids Open On | 11 Oct 2022 |
| Bids Close on | 20 Oct 2022 |
| Renunciation of Rights Entitlements | 14 Oct 2022 |
| Deemed Date of Allotment | 31 Oct 2024 |
| Credit Date | 1 Nov 2022 |
| Listing Date | 3 Nov 2022 |
suzlon energy Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| 2022 | ₹4103 | ₹4831 | ₹1843 |
| 2021 | ₹1317 | ₹1529 | ₹398 |
| 2020 | ₹612 | ₹3206 | ₹3277 |
suzlon energy Company Contact Details
Shrimali Society
Near Shri Krishna Complex
Navrangpura
Ahmedabad 380 009
Gujarat, India
Tel:+91 79 6604 5000
Contact Person: Geetanjali S. Vaidya,
E-mail: investors@suzlon.com
Website:www.suzlon.com
suzlon energy Right Issue Lead manager
Inga Ventures Private Limited
1229 Hubtown Solaris
N.S. Phadke Marg
Opp. Telli Galli
Andheri (East), Mumbai 400 069
Maharashtra, India
Tel: +91 22 6988 6003
E-mail: suzlon.rights@ingaventures.com
Investor Grievance ID:investors@ingaventures.com
Website: www.ingaventures.com
Contact person: Kavita Shah
suzlon energy Right Issue IPO Registrar
KFin Technologies Limited
Selenium, Tower B,
Plot No. -31 and 32 Financial District Nanakramguda,Serilingampally,
Hyderabad Rangareddi 500 032
Telangana, India
Tel: +91 40 6716 2222
E-mail: suzlon.rights@kfintech.com
Investor Grievance Email: einward.ris@kfintech.com
Website: www.kfintech.com
ContactPerson: M. Murli Krishna
