Warning: Creating default object from empty value in /home/stockmarketindia/stockmarketindia/wp-content/plugins/oiopub-direct/include/settings.php on line 122

Warning: Creating default object from empty value in /home/stockmarketindia/stockmarketindia/wp-content/plugins/oiopub-direct/include/settings.php on line 139

Warning: session_start(): Cannot send session cookie - headers already sent by (output started at /home/stockmarketindia/stockmarketindia/wp-content/plugins/oiopub-direct/include/settings.php:122) in /home/stockmarketindia/stockmarketindia/wp-content/plugins/chap-secure-login/chapsecurelogin.php on line 30

Warning: session_start(): Cannot send session cache limiter - headers already sent (output started at /home/stockmarketindia/stockmarketindia/wp-content/plugins/oiopub-direct/include/settings.php:122) in /home/stockmarketindia/stockmarketindia/wp-content/plugins/chap-secure-login/chapsecurelogin.php on line 30
Suzlon Energy Rights Issue approved
Warning: Creating default object from empty value in /home/stockmarketindia/stockmarketindia/wp-content/plugins/oiopub-direct/include/output.php on line 26

For *Everyday* Free updates on Buy Calls, Stock Splits, Bonus, Rights Issues & IPO:

  



Suzlon Energy Rights Issue approved



Wind turbine manufacturer Suzlon Energy today said it will raise funds through rights issue to repay its debt.

The rights issue committee of directors at its meeting held yesterday, has decided to allot 2 equity shares for every 15 shares held by the existing shareholders on a rights basis, Suzlon said in a filing to the Bombay Stock Exchange.

The company would offer these shares at Rs 63 a piece, a premium of nearly 12 per cent over the yesterday’s closing price at Rs 56.30 on the BSE.

The issue of shares on a rights basis is intended to reduce the company’s debts.

*To get the password for buy calls, please subscribe to this blog. You will receive the password in next email to you*




If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.

Comments

No comments yet.

Leave a comment

(required)

(required)