Indian wind turbine maker Suzlon raised ₹12 billion (~$145.80 million) through a rights issue of 2.4 billion partly paid-up equity shares. The issue was oversubscribed 1.8 times. The equity shares with a face value of ₹2 (~$0.024) were priced at ₹5 (~$0.060), comprising a premium of ₹3 (~$0.036) for every 21 paid-up equity shares held by the eligible equity shareholders. Suzlon announced the rights issue earlier this month. The company said the issue resulted in a subscription of 4.35 billion shares.