Mumbai: Suzlon Energy, the world's No. 5 wind turbine maker, said on Tuesday it raised USD 202 million through issue of global depositary receipts (GDRs) and convertible bonds.
Suzlon said it would issue 14.6 million GDRs at USD 7.4 each, raising USD 108 million. Each GDR would represent four equity shares of the company.
It also raised USD 93.87 million through issue of zero coupon convertible bonds, the company said.
Suzlon had launched on Monday a GDR issue to raise USD 175 million, sources had told reporters.
Bureau Report
First Published: Tuesday, July 21, 2009, 13:28