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In 2005, the stock of Suzlon made a debut at Indian bourses providing investors with close to 100 per cent listing gains. The company and stock continued to see robust performance for the next 2 years. However, post 2008 global financial crisis, the company’s fortunes changed as demand environment waned, and excess leverage taken to fund growth backfired. Post a decade of dealing with debt overhang and gradually clawing its way back, Suzlon is now coming up with rights issue of ₹1200 crore, in order to repay a portion of debt.
Tune in to the podcast to find out about the company’s business, prospects and whether one should subscribe to Suzlon’s rights issues.
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