Stake Sale

Suzlon Energy Ltd board to consider issue of securities

Posted On : 2020-02-25 09:09:35( TIMEZONE : IST )

Suzlon Energy Ltd board to consider issue of securities

Meeting of the Board of Directors of Suzlon Energy Ltd will be held on Thursday, 27th February 2020 to consider and approve issuance of the equity shares and / or equity linked instruments and / or convertible securities of the Company in terms of the Company's proposed resolution plan by way of preferential issue, private placement or any other method permissible in terms of the applicable regulations and as the Board may deem fit, subject however to the approval of the consortium of lenders and such other regulatory / nodal authority and further subject to the approval of the shareholders at a duly convened Extra Ordinary General Meeting of the Company.

Shares of SUZLON ENERGY LTD. was last trading in BSE at Rs.2.73 as compared to the previous close of Rs. 2.49. The total number of shares traded during the day was 9660824 in over 1377 trades.

The stock hit an intraday high of Rs. 2.73 and intraday low of 2.54. The net turnover during the day was Rs. 26287875.

Source : Equity Bulls