Suzlon Energy plans stock split, Rs5,000-crore issue

Mumbai: Suzlon Energy shareholders will consider by way of postal ballot sub-division of the authorised share capital of the company comprising 43 crore shares of Rs10 each into 215 crore shares of Rs2 each and create, offer, issue and allot up to Rs5,000 crore worth of instruments.  

The company also plans to raise the existing borrowing limit of Rs5,000 crore to Rs7,000 crore, the company informed the Bombay Stock Exchang (BSE) in a statement.