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The wind energy major Suzlon has plans for raising about $201.91 million by issuing global depository receipts (GDR) and zero coupon convertible bonds. In a statement, Suzlon said it planned to raise $108 million through the global depository receipt route comprising 14,600,000 shares at $7.4 per unit.
Each GDR will represent four equity shares of the company.
Suzlon will also issue 90 million zero coupon convertible bonds to raise $93.87 million at an initial conversion price set at Rs.90.38 per share.
