Suzlon Energy Ltd Rights Issue will open for subscription from 11 October 2022. The company aims for an issue size of ₹1,200 Crores through this rights issue.
Suzlon Energy Ltd
Suzlon Energy Limited is among the world’s leading renewable energy solutions providers in India. The company has a Presence in 17 countries across Asia, Australia, Europe, Africa, and the Americas. Suzlon Group has over 1900+ customers globally. The company has a capacity of 19,441+ MW wind energy Installations.
The company offers services such as solar-wind hybrid energy solution provider, Wind Resource Assessment, Wind Park Delivery Process, Land Sourcing and Approvals, Infrastructure Development, Installation & Commissioning / Erection, Testing & Commissioning, Supply Chain Management, and Research and Development.
Objects of the Issue
- Repayment or pre-payment of a portion of certain outstanding borrowings availed by the Company and its Subsidiaries.
- General corporate purposes.
Suzlon Energy Rights Issue Timetable
| Record Date | 04 October 2022 |
| Credit of Rights Entitlements | 10 October 2022 |
| Bid/Offer Opens On | 11 October 2022 |
| Renunciation of Rights Entitlements | 14 October 2022 |
| Bid/Offer Closes On | 20 October 2022 |
| Deemed Date of Allotment | 31 October 2022 |
| Credit Date | 01 November 2022 |
| Listing Date | 03 November 2022 |
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 |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 6601.09 | 3365.59 | 100.34 |
| 31-Mar-22 | 6474.86 | 6603.97 | -166.19 |
Suzlon Rights Issue Lead Manager(s)
- Inga Ventures Pvt Ltd
Rights Issue Registrar
- KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: suzlon.rights@kfintech.com
Website: https://karisma.kfintech.com/
Company 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/
Final thoughts
Suzlon Energy Rights Issue is going to open for subscription soon. applying for rights Issue is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
