"The board of Suzlon Energy in its meeting on 11 October 2010 has approved to issue and allot 3,19,92,582 fully paid-up equity shares of Rs. 2 each by way of preferential allotment to IDFC PE for acquisition of the aforesaid 17.1% stake in SEFL at such price being not less than the price computed in accordance with the applicable laws and regulations for consideration other than cash, subject to the receipt of requisite approval from the shareholders of the company.
The board has decided to increase the authorised share capital of the company from Rs. 445 crore to Rs. 700 crore.
The board has decided to issue securities (such as equity shares, ADR, GDR, FCCB, non-convertible debentures, convertible debentures, FCCB, QIP) upto Rs. 5,000 crore.
Further, the board has decided to increase the borrowing limits from Rs. 7,000 crore to Rs. 10,000 crore."
Can anyone pl explain the above? I own few shares of Suzlon. Will I get any benefit/loss because of this?
The board has decided to increase the authorised share capital of the company from Rs. 445 crore to Rs. 700 crore.
The board has decided to issue securities (such as equity shares, ADR, GDR, FCCB, non-convertible debentures, convertible debentures, FCCB, QIP) upto Rs. 5,000 crore.
Further, the board has decided to increase the borrowing limits from Rs. 7,000 crore to Rs. 10,000 crore."
Can anyone pl explain the above? I own few shares of Suzlon. Will I get any benefit/loss because of this?
