Suzlon Energy, world's fourth-biggest wind turbine maker droped a $360 mn rights issue plan due to market condition. The company's other expansion plans will remain on track. The company had planned the rights issue to partly fund its acquisition of a further stake in Germany's REpower from Portugal's Martifer and other minority shareholders.
According to a statement of the company, "In the current global financial meltdown, the fundamentals of the wind industry remain largely unchanged and hence the company's business plans remain on track.
According to a statement of the company, "In the current global financial meltdown, the fundamentals of the wind industry remain largely unchanged and hence the company's business plans remain on track.
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