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Suzlon Energy is planning to raise Rs.900 crore from the market, to reduce its existing debt.
It’s board is going to meet on May 30, to consider and approve issuance of redeemable non-convertible debentures/non-equity linked instruments in one or more tranches to an extent of Rs.900 crore on a private placement basis, for replacement of existing debt.
Further, in a regulatory filing the company stated that, it is also planning to issue securities to an extent of Rs.2,000 crore, subject to the approval of the shareholders.
