Suzlon mulls fund raising,PE option

Reports have been doing the rounds that the world’s fifth largest wind turbine maker is mulling PE placement through a possible stake sale,to raise finance.

Shares of Suzlon were on a northward journey for the past four trading sessions,surging as much as 14.56 per cent since March 12,on the BSE.

In intra-day trade today the scrip gained 3.80 per cent to Rs 39.60. It was later quoting at Rs 39.35,up 3.15 per cent on the BSE.