{"id":111677,"date":"2023-10-12T13:35:49","date_gmt":"2023-10-12T08:05:49","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111677"},"modified":"2023-10-12T13:38:56","modified_gmt":"2023-10-12T08:08:56","slug":"green-energy-company-approves-conversion-of-16-2-lakh-partly-paid-up-shares-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/green-energy-company-approves-conversion-of-16-2-lakh-partly-paid-up-shares-check-the-details\/","title":{"rendered":"Green Energy company approves conversion of 16.2 Lakh partly paid-up shares; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1583469389\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Multibagger green energy stock declines marginally after the company&#8217;s board approves conversion of 16 lakh partly paid up shares into fully paid up shares.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-560757944\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 12:15 p.m the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SUZLON\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Suzlon Energy<\/a><\/strong> were trading at Rs. 27.60 down by 0.30 percent from its previous day close price and the market capitalization of the company is 37,354 Cr.\u00a0<\/p><p>As per the company\u2019s filing, the board of directors of Suzlon Energy has approved the conversion of 16,20,352 partly paid-up equity shares of the company having a face value of Rs.2.00 each with Rs.1.00 paid-up into fully paid-up equity shares having a face value of Rs.2.00 each with Rs.2.00 paid-up on receipt of First and Final Call aggregating to Rs.40,50,880.&nbsp;<\/p><p>The company\u2019s revenue decreased by 9.29 percent from 6,581.78 Cr in FY22 to 5,970.53 Cr in FY23, accompanied by a decreasing loss of 166.19 Cr to profit of 2,887.29 Cr.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1218471029\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company reported net profit margins of 48.35 percent in FY23 and -2.52 in FY22, this shows that the company is making good utilisation of the company\u2019s resources and increasing its profitability.&nbsp;<\/p><p>According to the latest shareholding data available for the June 2023 quarter, the company\u2019s Promoters hold 14.50 percent stake, the Domestic Institutional Investors hold 6.90 percent and the Foreign Institutional Investors (FII) hold 6.81 percent.&nbsp;<\/p><p>Suzlon Energy is a green energy company and renewable energy solutions provider engaged in the business of manufacturing, project execution, operation and maintenance of wind turbine generators and sale of related components.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1460619080\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Multibagger green energy stock declines marginally after the company&#8217;s board approves conversion of 16 lakh partly paid up shares into fully paid up shares.&nbsp; At 12:15 p.m the shares of Suzlon Energy were trading at Rs. 27.60 down by 0.30 percent from its previous day close price and the market capitalization of the company is [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":105377,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[948,936,13134,9460,9459],"class_list":["post-111677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-suzlon-energy-conversion-of-partly-paid-up-shares","tag-suzlon-energy-latest-news","tag-suzlon-energy-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Green Energy company approves conversion of 16.2 Lakh partly paid-up shares; 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