Suzlon mulls fund raising; exploring PE option

MUMBAI: Windpower major Suzlon Energy on Thursday said it is exploring ways to raise finance, including private equity placement, for funding its operations and growth plans.

"The company is exploring various options to raise finance for its operations and growth plans and private equity placement is one of them," Suzlon Energy said in a filing to the Bombay Stock Exchange.

Reports have been doing the rounds that the world's fifth largest wind turbine maker is mulling PE placement through a possible stake sale, to raise finance.

Shares of Suzlon were on a northward journey for the past four trading sessions, surging as much as 14.56 per cent since March 12, on the BSE.

In intra-day trade today the scrip gained 3.80 per cent to Rs 39.60. It was later quoting at Rs 39.35, up 3.15 per cent on the BSE.