Suzlon’s Right Issue in the ratio of 5:21

The Board of Directors of Suzlon has agreed to issue equity shares of the company by means of a right issue to the eligible equity shareholders of the company. The decision was made at a meeting of the securities issue committee held on Sunday.

The fixed issue price for equity shares is Rs 5, which represents a discount of 45% from the most recent NSE trading price. Out of Rs 5, the initial payment of Rs 2.5 per equity share is due upon application, and the remaining Rs 2.5 is due at the next call.

5:21 (Five Rights Equity Shares for every Twenty-One Fully Paid-Up Equity Shares Held by the Eligible Equity Shareholders) is the right entitlement ratio.

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