Suzlon Energy slips after announcement of right issue
Mon, Sep 26, 2022 11:38 AM

Suzlon Energy slips after announcement of right issue

A Flip by Moushumi
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The renewable energy firm, Suzlon Energy, informed that its board of directors has nodded to securing Rs 1,200 crore via through rights issue of 240 crore shares. The board’s Securities Issue Committee has approved the rights issue. However, during the early trading hours on Monday, the shares of Suzlon Energy declined. At 9.35 am, shares of Suzlon Energy dropped over 7% on the BSE.

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