Suzlon Energy is currently trading at Rs. 11.11, up by 0.55 points or 5.21% from its previous closing of Rs. 10.56 on the BSE.
The scrip opened at Rs. 10.60 and has touched a high and low of Rs. 11.42 and Rs. 10.60 respectively. So far 2276679 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 26.90 on 06-Feb-2013 and a 52 week low of Rs. 5.72 on 28-Aug-2013.
Last one week high and low of the scrip stood at Rs. 11.42 and Rs. 10.48 respectively. The current market cap of the company is Rs. 2728.85 crore.
The promoters holding in the company stood at 40.34% while Institutions and Non-Institutions held 26.89% and 32.49% respectively.
Suzlon Energy is likely to dilute its stake in REpower by 40% to 50%. The company will dilute this stake through issuing IPO and the size of IPO will be $600-$750 million. The company will use this money to repay German banks and Indian lenders including SBI and IDBI.
Earlier on March 1, 2012, REpower Systems SE, had signed an agreement with a consortium of banks headed by BayernLB, Commerzbank Aktiengesellschaft and Deutsche Bank AG for a syndicated loan of EUR 750.0 million. The loan has a term of 2.5 years. In total, 13 German and international banks and credit insurance companies are participating in this loan.
REpower Systems SE, a wholly owned subsidiary of the Suzlon Group, is one of the world’s leading manufacturers of onshore and offshore wind turbines.
The scrip opened at Rs. 10.60 and has touched a high and low of Rs. 11.42 and Rs. 10.60 respectively. So far 2276679 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 26.90 on 06-Feb-2013 and a 52 week low of Rs. 5.72 on 28-Aug-2013.
Last one week high and low of the scrip stood at Rs. 11.42 and Rs. 10.48 respectively. The current market cap of the company is Rs. 2728.85 crore.
The promoters holding in the company stood at 40.34% while Institutions and Non-Institutions held 26.89% and 32.49% respectively.
Suzlon Energy is likely to dilute its stake in REpower by 40% to 50%. The company will dilute this stake through issuing IPO and the size of IPO will be $600-$750 million. The company will use this money to repay German banks and Indian lenders including SBI and IDBI.
Earlier on March 1, 2012, REpower Systems SE, had signed an agreement with a consortium of banks headed by BayernLB, Commerzbank Aktiengesellschaft and Deutsche Bank AG for a syndicated loan of EUR 750.0 million. The loan has a term of 2.5 years. In total, 13 German and international banks and credit insurance companies are participating in this loan.
REpower Systems SE, a wholly owned subsidiary of the Suzlon Group, is one of the world’s leading manufacturers of onshore and offshore wind turbines.
No comments:
Post a Comment