Suzlon Energy Ltd allots 65250241 Equity Shares

The Securities Issue Committee of the Board of Directors of Suzlon Energy Ltd has, at its meeting held on October 20, 2015, approved allotment of 6,52,50,241 (Six Crores Fifty Two Lacs Fifty Thousand Two Hundred Forty One) equity shares of Rs.2/- (Rupees Two Only) each on conversion of 16,750 (Sixteen Thousand Seven Hundred Fifty) 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 Paise 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.994,71,86,724/- (Rupees Nine Hundred Ninety Four Crores Seventy One Lacs Eighty Six Thousand Seven Hundred Twenty Four Only) divided into 497,35,93,362 (Four Hundred Ninety Seven Crores Thirty Five Lacs Ninety Three Thousand Three Hundred Sixty Two) equity shares of Rs.2/- (Rupees Two Only) each.

Shares of SUZLON ENERGY LTD. was last trading in BSE at Rs.24.5 as compared to the previous close of Rs. 23.9. The total number of shares traded during the day was 14771042 in over 11201 trades.

The stock hit an intraday high of Rs. 24.8 and intraday low of 23.85. The net turnover during the day was Rs. 359963861.

Source : Equity Bulls

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