Suzlon
Suzlon scraps rights issue plan
Submitted by Navjot Singh on Thu, 10/30/2008 - 06:49Suzlon Energy has scrapped the plans of rights issue. The company termed adverse market conditions as a major cause to scrap the idea. The company would wait until the global financial conditions stabalize. Suzlon Energy is the fifth largest wind turbine maker in the world and it had planned rights issue worth Rs 1,800 crore.
