Suzlon issue sails through

Mumbai: Suzlon Energy's rights issue of 240 crore partly paid-up shares aggregating up to Rs 1,200 crore was subscribed 1.8 times, as it closed on Thursday.

"The issue resulted into subscription of 435.46 crore shares,” Suzlon said.

The funds raised via the issue are in multiple calls —the first call at the time of application is Rs 600 crore, which will be used in part repayment of borrowings, it said.