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In 2005, the stock of Suzlon made a debut at Indian bourses providing investors with close to 100 per cent listing gains. The company and stock continued to see robust performance for the next 2 years. However, post 2008 global financial crisis, the company’s fortunes changed as demand environment waned, and excess leverage taken to fund growth backfired. Post a decade of dealing with debt overhang and gradually clawing its way back, Suzlon is now coming up with rights issue of ₹1200 crore, in order to repay a portion of debt. Tune in to the podcast to find out about the company’s business, prospects and whether one should subscribe to Suzlon’s rights issues.
By BusinessLineIn 2005, the stock of Suzlon made a debut at Indian bourses providing investors with close to 100 per cent listing gains. The company and stock continued to see robust performance for the next 2 years. However, post 2008 global financial crisis, the company’s fortunes changed as demand environment waned, and excess leverage taken to fund growth backfired. Post a decade of dealing with debt overhang and gradually clawing its way back, Suzlon is now coming up with rights issue of ₹1200 crore, in order to repay a portion of debt. Tune in to the podcast to find out about the company’s business, prospects and whether one should subscribe to Suzlon’s rights issues.

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