Date:27/12/2008 URL: http://www.thehindu.com/2008/12/27/stories/2008122756061400.htm

Business

Suzlon’s rights issue gets nod

NEW DELHI: The Cabinet Committee on Economic Affairs (CCEA) on Friday approved Suzlon Energy’s plan to raise Rs. 1,800 crore via allotment of shares to the existing shareholders, including NRIs, through a rights issue, which the wind power major has apparently suspended.