Suzlon Energy Limited allots 20,39,98,368 shares

The Securities Issue Committee of the Board of Directors of Suzlon Energy Limited has, at its meeting held on 26th December 2021 (which commenced at 11.00 a.m. and concluded at 11.40 a.m.), approved allotment of 20,39,98,368 (Twenty Crores Thirty Nine Lacs Ninety Eight Thousand Three Hundred Sixty Eight) equity shares of the Company having a face value of Rs.2/- (Rupees Two Only) each to the allottees, at a conversion price of Rs.2.45 (Rupees Two and Paise Forty Five Only) per equity share, i.e. at a premium of Re.0.45 (Paise Forty Five Only) per equity share bearing distinctive numbers from 9201780979 to 9405779346 pursuant to the conversion of 4,998 (Four Thousand Nine Hundred Ninety Eight) Compulsorily Convertible Debentures having a face value of Rs.1,00,000/- (Rupees One Lac Only) each allotted on 27th June 2020.

Post aforesaid allotment, the paid-up capital of the Company is Rs.1821,15,58,692/- (Rupees One Thousand Eight Hundred Twenty One Crores Fifteen Lacs Fifty Eight Thousand Six Hundred Ninety Two Only) divided into 910,57,79,346 (Nine Hundred Ten Crores Fifty Seven Lacs Seventy Nine Thousand Three Hundred Forty Six) equity shares of Rs.2/- (Rupees Two Only) each.

Shares of Suzlon Energy Limited was last trading in BSE at Rs. 8.13 as compared to the previous close of Rs. 7.75. The total number of shares traded during the day was 29134287 in over 29784 trades.

The stock hit an intraday high of Rs. 8.13 and intraday low of 7.46. The net turnover during the day was Rs. 231144959.00.

Source : Equity Bulls

Keywords

SuzlonEnergyLimited INE040H01021 532667 SUZLON HeavyElectricalEquipment