Suzlon Energy Ltd allots 35309144 Equity Shares

The Securities Issue Committee of the Board of Directors of Suzlon Energy Ltd at its meeting held on September 16, 2015, approved allotment of 3,53,09,144 (Three Crores Fifty Three Lacs Nine Thousand One Hundred Forty Four) equity shares of Rs. 2/- (Rupees Two Only) each on conversion of 9,064 (Nine Thousand Sixty Four) USD 546,916,000 Step-up Convertible Bonds due July 2019 of USD 1,000 each at a conversion price of Rs.15.46 (Rupees Fifteen and Raise Forty Six Only) per equity share with a fixed rate of exchange on conversion of Rs. 60.225 to USD 1.00 in terms of the Information Memorandum dated June 17, 2014, pursuant to the conversion notices received from certain bondholders of the USD 546,916,000 Step-up Convertible Bonds due July 2019.

Post aforesaid allotment, the paid-up capital of the Company is Rs. 981,66,86,242/- (Rupees Nine Hundred Eighty One Crores Sixty Six Lacs Eighty Six Thousand Two Hundred Forty Two Only) divided into 490,83,43,121 (Four Hundred Ninety Crores Eighty Three Lacs Forty Three Thousand One Hundred Twenty One) equity shares of Rs. 2/- (Rupees Two Only) each.

Shares of SUZLON ENERGY LTD. was last trading in BSE at Rs.21.2 as compared to the previous close of Rs. 21.3. The total number of shares traded during the day was 2683685 in over 2378 trades.

The stock hit an intraday high of Rs. 21.7 and intraday low of 21.1. The net turnover during the day was Rs. 57443902.

Source : Equity Bulls

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