Suzlon Energy will issue up to 240 crores of partly paid-up equity shares for cash at a price of ₹5 per share (including a premium of ₹3 per rights equity share) aggregating to ₹1,200 crores.
In India, Suzlon Energy Limited is one of the top providers of renewable energy solutions worldwide. Suzlon Energy has a presence in Asia, Australia, Europe, Africa, and the USA. Globally, Suzlon Group serves more than 1900 clients. Suzlon Energy has wind energy installations with a capacity of 19,441 MW and more.
In addition to providing solar-wind hybrid energy solutions, Suzlon Energy also provides land sourcing and approvals, infrastructure development, installation & commissioning/erection, testing & commissioning, supply chain management, and research and development.
Suzlon Energy Rights Issue 2022 Details
| Issue Open | Oct 11, 2022 – Oct 20, 2022 |
| Security Name | Suzlon Energy Ltd |
| Issue Size (Shares) | 2,400,000,000 |
| Issue Size (Amount) | ₹1,200.00 Crores |
| Issue Price | ₹5 per share |
| Face Value | ₹2 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The amount of Rs. 2.50 per share has to be paid at the time of Application and Rs. 2.50 per share On subsequent calls. |
| Entitlement | 5 Equity Shares for every 21 Equity Shares held on the Record Date |
Suzlon Energy Rights Issue 2022 Dates
| Record Date | Oct 4, 2022 |
| Credit of Rights Entitlements | Oct 10, 2022 |
| Bid/Offer Opens On | Oct 11, 2022 |
| Renunciation of Rights Entitlements | Oct 14, 2022 |
| Bid/Offer Closes On | Oct 20, 2022 |
| Deemed Date of Allotment | Oct 31, 2022 |
| Credit Date | Nov 1, 2022 |
| Listing Date | Nov 3, 2022 |
Suzlon Energy Right Issue : Company Overview
Suzlon is one of India’s top manufacturers in the wind component manufacturing segment as per capacity and is one of the top renewable O&M service providers in India, as per capacity serviced.In India, Suzlon is a market leader with 100+ wind farms and an installed capacity of over 13,450 MW. It has developed some of Asia’s largest operational onshore wind farms in nine states including Gujarat, Rajasthan, Maharashtra and Tamil Nadu. The Group’s diverse client portfolio includes power utilities and electricity producers in both the private and public sectors.
Suzlon Group aims to make renewable energy both simple and cost-effective for customers. Suzlon pioneered the ‘Concept to Commissioning’ model in wind energy, enabling it to meet the breadth and depth of customer requirements across the renewable energy value chain.
Suzlon Group’s investment in R&D and cutting-edge technology enables it to offer an extensive range of robust and reliable products which meet all customer requirements.
The Group also offers and executes best-in-class Operations, Maintenance and Services (OMS) across the globe. Apart from physical, on-ground service terms, Suzlon’s SCADA system (Supervisory Control and Data Acquisition) enables remote monitoring of over 9,600 wind turbines worldwide, allowing the Group to manage uninterrupted operations and reliability of power generation.
Suzlon Energy Rights Issue 2022 Objectives
The objectives of rights issue 22 are as follows:
1. Repayment or pre-payment of a portion of certain outstanding borrowings availed by the Company and its Subsidiaries.
2. General corporate purposes.
Suzlon Energy Contact Information
Suzlon Energy Ltd
Suzlon House,
5 Shrimali Society, Navrangpura,
Ahmedabad 380009
Phone: +91-79-660 45000
Email: investors@suzlon.com
Website: https://www.suzlon.com/
Suzlon Energy Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: suzlon.rights@kfintech.com
Website: https://karisma.kfintech.com/
Suzlon Energy Lead Manager(s)
Inga Ventures Pvt Ltd
