UPDATE 1-India Suzlon shares fall on $390 mln rights issue plan

Newswire

(Adds details, share price) MUMBAI, Sept 25 (Reuters) - Shares in India's Suzlon Energy Ltd fell more than 7 percent on Thursday after it said it would consider a rights issue to raise up to 18 billion rupees ($390 million) on Sept. 27. The world's fourth-biggest wind turbine maker did not say what it would use the funds for. Suzlon had said earlier this month it had struck a deal with Martifer for an early acquisition of the Portuguese conglomerate's stake in REpower Systems for ...

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