Market Guys had sized up Suzlon as the Item Girl of the Market given it’s many controversies and tantalising swings and have been playing it’s volatility and should I daresay being entertained by it in great volumes for long 🙂
The Item Girl’s coming Good now !
Clearly Suzlon Energy is now Energised by the entry of Turnaround Artist Dilip Shanghvi of Sun Pharma
It is unlikely the Open Offer for 26% of the Shares will be successful at the Offer Price of Rs 18
A Host of Shareholders from the Shanghvi Family will be allotted 100 crore Equity Shares at Rs 18 and thus bringing in Rs 1800 crs into Suzlon
These Fund Infusions and the Entry of Dilip Shanghvi of Sun Pharma are both hugely positive for Suzlon
Suzlon will now be able to tap on huge scale the potential in the Wind Energy Sector
Watch out for announcement of concrete Scale up Plans
Watch out for the Share Price too !
The Market Cap has crossed Rs 7800 crs today ….but if you include at today’s closing Price of @ Rs 23 the fresh 100 cr Equity Shares of Rs 2 to be issued ,the Market Cap is Rs 10000 crs !
Remember late 2005 & the IPO frenzy and the frenzied Rs 50000 crs Market Cap at the time and shortly thereafter !
I had even angrily blogged on this then and again in 2013