NEW DELHI: Wind turbine maker Suzlon Energy Ltd has no plans to revive its suspended rights equity issue in the near term and will pay for an
additional stake in Germany’s REpower from internal funds and debt, its chairman said on Friday.
“Rights issue was mainly for payment of equity stake. It is not required now. Payments will be from internal accruals and debt,” Tulsi Tanti said.
Suzlon had said in October it was suspending an up to 18 bn rupees ($360 mn) rights share issue due to falling markets.