Suzlon Energy promoters pledge 36% of their stake

NEW DELHI: Wind turbine maker Suzlon Energy on Tuesday said its promoters have pledged 36 per cent of their stake in the company.

Pranav Tanti, one of the promoters of Suzlon Energy pledged 72 per cent of the total number of shares held by him in the company. It accounts for 2.39 per cent shares of the company, Suzlon said in a filing to the Bombay Stock Exchange.

Sanman Holdings Private Ltd, another promoter of Suzlon Energy, has revoked pledged shares of the company which account for 1.97 per cent stake, the filing added.

With these pledging of shares by the promoters, the total percentage of shares pledged stands at 35.83 per cent.

The company board recently approved a proposal to raise Rs 5,000 crore through issue of shares. Funds can be raised either by the way of issuance of equity shares, foreign currency convertible bonds, global depository receipts, or other such equity-linked products.

Shares of Suzlon Energy closed at Rs 52.15, down 3.69 per cent on BSE.