suzlon energy right issue, Date Allotment 2024

suzlon energy right issue, Date Allotment 2024

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:

  1.  our existing activities.
  2.  the activities for which the borrowings were availed and which are proposed to be repaid from the Net Proceeds.
  3.  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

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