Wind power major Suzlon Energy today said it will raise up to Rs 5,000 crore through issue of securities in the international and domestic market.
The company had earlier received approval from shareholders for raising Rs 5,000 crore through issue of equity linked instruments.
Of this, the company has raised about Rs 2,183 crore by issuing over 1.13 crore shares of Rs 10 each at a premium of Rs 1,907 a piece to the Qualified Institutional Buyers.
"Considering the on-going business requirements, the board has enhanced the unutilised limit of Rs 2,817 crore to Rs 5,000 crore for issuance of equity shares, FCCBs, Global Depository Receipts and American Depository Receipts, it said in a statement to BSE.
The shareholders at their annual general meeting has approved the raising of Rs 5,000 crore through issue of Foreign Currency Convertible Bonds (FCCBs), Global Depository Receipts or other securities, Suzlon said in a filing to the Bombay Stock Exchange. Earlier in May, the board had approved the proposal.
Shares of Suzlon Energy closed at Rs 236.45, down 0.94 per cent on the BSE.
