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India's Suzlon Energy Ltd plans to raise $500 million through a qualified institutional placement to fund its expansion, the Business Standard said at the weekend, citing unnamed sources.
DSP Merrill Lynch and Citigroup are the bankers to the issue, the paper said. "It is too early to divulge any details related to our funding plans and nothing has been finalised yet", the paper cited a Suzlon official as saying.

Copyright Reuters, 2007

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