Suzlon Energy board approves allotment of 240 crore partly paid-up equity shares under rights issue

1 Nov 2022 , 03:10 PM

Suzlon Energy Limited has informed that the Securities Issue Committee of the Board at its meeting held on October 31, 2022 has approved the allotment of 240,00,00,000 (Two Hundred Forty Crores) partly paid-up equity shares of the Company.

As per the filing, the partly paid-up shares is having a face value of Rs.2/- each in dematerialised form for cash at an issue price of Rs.5/- (Rupees Five Only) per equity share, i.e. at a premium of Rs.3/- (Rupees Three Only) per equity share (wherein the applicants were required to pay Rs.2.50 per equity share on application and of which Re.1/- per equity share being adjusted towards face value and Re.1.50 per equity share being adjusted towards securities premium and the balance Rs.2.50 being payable on subsequent call as may be decided by the Board), to the respective eligible equity shareholders of the Company.

Post aforesaid allotment, the paid-up capital of the Company is Rs.2254,61,74,166/- (Rupees Two Thousand Two Hundred Fifty Four Crore Sixty One Lacs Seventy Four Thousand One Hundred Sixty Six Only) divided into 1007,30,87,083 (One Thousand Seven Crores Thirty Lacs Eighty Seven Thousand Eighty Three) fully paid-up equity shares having a face value of Rs.2/- (Rupees Two Only) each.

At around 3:02 PM, Suzlon Energy Ltd is currently trading at Rs8.21 per share up by Rs0.26 or 3.27% from its previous closing of Rs7.95 per share on the BSE.

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