Suzlon Energy Limited allots 51,19,92,560 shares

The Securities Issue Committee of the Board of Directors of Suzlon Energy Limited has, at its meeting held on 14th July 2020 (which commenced at 7.00 p.m. and concluded at 7.30 p.m.), approved allotment of 51,19,92,560 (Fifty One Crores Nineteen Lacs Ninety Two Thousand Five Hundred Sixty) equity shares bearing distinctive numbers from 8013530494 to 8525523053 having a face value of Rs.2/- (Rupees Two Only) each of the Company on conversion of 57,554 (Fifty Seven Thousand Five Hundred Fifty Four) USD 546,916,000 Step-up Convertible Bonds due July 2019 of USD 1,000 each in terms of the Mandatory Conversion Notice dated 30th June 2020 issued by the Company in terms of the Consent Solicitation and Information Memorandum dated 26th March 2020, as supplemented on 31st March 2020 and 2nd April 2020.

Post aforesaid allotment, the paid-up capital of the Company is Rs.1,645,10,46,106/- (Rupees One Thousand Six Hundred Forty Five Crores Ten Lacs Forty Six Thousand One Hundred Six Only) divided into 822,55,23,053 (Eight Hundred Twenty Two Crores Fifty Five Lacs Twenty Three Thousand Fifty Three) equity shares of Rs.2/- (Rupees Two Only) each.

Shares of SUZLON ENERGY LTD. was last trading in BSE at Rs.4.68 as compared to the previous close of Rs. 4.92. The total number of shares traded during the day was 4441616 in over 2968 trades.

The stock hit an intraday high of Rs. 4.85 and intraday low of 4.68. The net turnover during the day was Rs. 20823156.

Source : Equity Bulls

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