Suzlon Energy, the wind energy major after recently suspending plans to raise Rs 1,800 crore by way of a rights issue, is now planning to raise money through an ADR issue and/or a preferential allotment.
The company recently put in a request with foreign investment promotion board (FIPB) to raise funds through ADR preferential allotment of shares instead of rights issue and for raising FDI percentage from 20.76% to 25.25%.