Suzlon Energy Ltd approves allotment of 358388 Equity Shares

The Securities Issue Committee of the Board of Directors of Suzlon Energy Ltd has, at its meeting held on December 14, 2015, approved allotment of 3,58,388 (Three Lacs Fifty Eight Thousand Three Hundred Eighty Eight) equity shares of Rs. 2/- (Rupees Two Only) each on conversion of 92 (Ninety Two) 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. 997,90,67,794/- (Rupees Nine Hundred Ninety Seven Crores Ninety Lacs Sixty Seven Thousand Seven Hundred Ninety Four Only) divided into 498,95,33,897 (Four Hundred Ninety Eight Crores Ninety Five Lacs Thirty Three Thousand Eight Hundred Ninety Seven) equity shares of Rs.2/- (Rupees Two Only) each.

Shares of SUZLON ENERGY LTD. was last trading in BSE at Rs.21 as compared to the previous close of Rs. 20.85. The total number of shares traded during the day was 3264785 in over 2855 trades.

The stock hit an intraday high of Rs. 21.25 and intraday low of 20.85. The net turnover during the day was Rs. 68878376.

Source : Equity Bulls

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