Suzlon Energy Ltd approves preferential issue of 100 crores equity shares

The Board of Directors of Suzlon Energy Ltd at its meeting held on February 13, 2015, inter alia, has approved the issuance of up to 100 Crores equity shares of the Company on preferential basis in terms of Chapter VII – "Preferential Issue" of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 to Dilip Shanghvi family & Associates.

The Board approved the divestment in SE Forge Limited, a wholly owned subsidiary of the Company and the proposal to conduct a Postal Ballot for seeking approval of members for various matters.

Shares of SUZLON ENERGY LTD. was last trading in BSE at Rs.19.15 as compared to the previous close of Rs. 19.15. The total number of shares traded during the day was 37474694 in over 49882 trades.

The stock hit an intraday high of Rs. 19.95 and intraday low of 17.75. The net turnover during the day was Rs. 716588500.

Source : Equity Bulls

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