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Suzlon mulls fund raising; exploring PE option

Suzlon mulls fund raising; exploring PE option
PTI
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First Published: Thu, Mar 19 2009. 12 15 PM IST
Updated: Thu, Mar 19 2009. 12 15 PM IST
Mumbai: Windpower major Suzlon Energy today said it is exploring ways to raise finance, including private equity placement, for funding its operations and growth plans.
“The company is exploring various options to raise finance for its operations and growth plans and private equity placement is one of them,” Suzlon Energy said in a filing to the BSE.
Reports have been doing the rounds that the world’s fifth largest wind turbine maker is mulling PE placement through a possible stake sale, to raise finance.
Shares of Suzlon were on a northward journey for the past four trading sessions, surging as much as 14.56% since 12 March, on the BSE.
In intra-day trade today the scrip gained 3.80% to Rs39.60. It was later quoting at Rs39.35, up 3.15% on the BSE.
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First Published: Thu, Mar 19 2009. 12 15 PM IST
More Topics: Suzlon | PE | Windpower | BSE | Finance |