Suzlon Energy is going to raise approximately $ 100 million

2009 September 23

tags: Block Deal, stock exchange, Suzlon block deal, Suzlon Energy, Suzlon promoters

by admin

Suzlon Energy is going to raise approximately $ 100 million via block deal, reports CNBC-TV18 quoting sources. Suzlon promoters are going to sell 5 crore shares (5% equity) at about Rs 95 per share. The deal is to be executed on the stock exchange via block deal.

Sources further said that the promoters will plough back the proceeds into Suzlon Energy. Citi is the sole banker to Suzlon block deal.

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Suzlon Energy is going to raise approximately $ 100 million

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