Suzlon Energy Ltd - IPO

Suzlon Energy Ltd IPO Details

Public issue of 29,340,000 equity shares of Rs. 10 each for cash at a price of Rs. 510 per equity share (including a share premium of Rs. 500 per equity share) aggregating Rs. 1496.34 crores, consisting of a fresh issue of 26,762,680 equity shares by Suzlon Energy limited (company or issuer) and an offer for sale of 2,577,320 equity shares by Citicorp International Finance Corporation Inc. (Citicorp or the selling Shareholder). The fresh issue and the offer for sale are jointly referred to herein as the issue. 585,000 equity shares will be reserved in the issue for subscription by eligible employees in India (the Employee Reservation Portion) . The issue would constitute 10.20% of the fully diluted post issue paid-up capital of the company.

Objective of issue

Setting up & Expansion of mfg facilities in India. Capitalisation of Subsidiaries. New Corporate House & Corporate Learning Centre. Redemption of Pref Shrs allotted to the Pvt Eq Inv.

Suzlon Energy Ltd Contact Details

Suzlon Energy Ltd, 8-2-403/A, Road No 5, Banjara Hills, Hyderabad - 500034

Phone -

Fax -

Email - investors@suzlon.com

Website - www.suzlon.com