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May 21, 2012, 04.20 PM IST
Suzlon Energy, one of the largest wind turbine suppliers among top five companies in world, rallied over 6% as the company is in advance stage to raise USD 300 million to meet FCCB obligation, reports CNBC-TV18.
Suzlon Energy , one of the largest wind turbine suppliers among top five companies in world, rallied over 6% as the company is in advance stage to raise USD 300 million to meet FCCB obligation, reports CNBC-TV18.
Suzlon is seeking short-term extension from bondholders. It already sought up to 45 days extension from bondholders. Foreign currency convertible bonds (FCCBs) of the company are due for redemption on June 12
At 15:10 hours IST, the share was trading at Rs 21.40, up 6.20%. Market capitalisation of the company stands at Rs 3,803.56 crore.
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