One of the top five wind energy manufacturers of the world Suzlon Energy, will raise close to Rs 2,185 crore. The company announced that the Securities Issue Committee of the board of directors approved the issue of 11.4 million shares of Rs 10 each at a price of Rs 1,917.The issue closed on December 18, 2007 and the settlement is expected to take place by December 20, 2007. These equity shares will be listed on National Stock Exchange of India and Bombay Stock Exchange.The company has been trying to raise funds to repay the debt that it raised to acquire german-based REpower. Suzlon, had bought the German wind-power turbine maker REpower Systems in May for Rs 6,400 crore.In India, Suzlon is in the process of investing Rs 2600 crore in two years to augment its wind turbine manufacturing capacity to 5700 MW and become one of the top three wind turbine manufacturers in the world.
