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Corporate - Preferential Allotments


Suzlon raises Rs 100 cr

Our Bureau

PUNE: Suzlon Energy Ltd has raised Rs 100 crore through issue of equity and convertible preference shares to ChrysCapital.

Suzlon had earlier raised Rs100 crore from CVC International in April 2004. In a statement issued here today, Mr Tulsi Tanti, Chairman & Managing Director of the Pune-based company said, "We remain committed to promoting `GreenEnergy' not only in India but across the globe and this investment by ChrysCapital will provide an impetus to penetrating the global markets, particularly the US, which along with Australia and China are the key target markets for Suzlon.

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