Suzlon Energy, country's biggest wind turbine maker, has informed that its shareholders have approved the proposal entailing a fund raising plan of up to Rs 5,000 crore through the issuance of securities both in domestic as well as in overseas markets.

It should be noted that the shareholders had already given their approval to increase the ceiling limit on total FIIs holding to 49% from 24% in the company.

The company's board of directors has received authority from the shareholders at their annual general meeting (AGM) held on August 13.

The company will raise Rs 5,000 crore by issue of shares, Foreign Currency Convertible Bonds, Global Depository Receipts or by any other equity linked instruments.

The scrip of Suzlon Energy Closed on Friday at Rs 88, down 2% compared to its previous close.