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24-May2018

Suzlon planning to raise funds worth Rs 900 crore

Suzlon is planning to raise funds through issuance of redeemable Non-Convertible Debentures/non-equity linked instruments in one or more tranches to an extent of Rs 900 crore on a private placement basis for replacement of existing debt.

The meeting of the Board of Directors of the company will be held on May 30, 2018, to consider the same. Besides, the company will also consider issuing securities to an extent of Rs 2,000 crore.

Suzlon Group is one of the leading renewable energy solutions providers in the world with an international presence across 18 countries in Asia, Australia, Europe, Africa and North and South America.


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