Rights Issue to Aid Repayment: Suzlon

Suzlon Energy would be able to pare its debt by ₹583.5 crore with full subscription of its ₹1,200 crore rights issue which opened on Tuesday, the company said. “₹583.5 crore debt will be repaid with the assumption of full subscription of ₹1,200 crore rights issue opened on Tuesday,” Suzlon Group Chief Financial Officer Himanshu Mody said.

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