Suzlon Energy Ltd allots 43474189 Equity Shares

The Securities Issue Committee of the Board of Directors of Suzlon Energy Ltd has, at its meeting held on December 15, 2014, approved allotment of 4,34,74,189 (Four Crores Thirty Four Lacs Seventy Four Thousand One Hundred Eighty Nine) equity shares of Rs. 2/- each on conversion of 11,160 (Eleven Thousand One Hundred Sixty) USD 546,916,000 Step-up Convertible Bonds due July 2019 worth USD 11,160,000 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 allotments, the paid-up capital of the Company is Rs. 643,01,16,712/- (Rupees Six Hundred Forty Three Crores One Lac Sixteen Thousand Seven Hundred Twelve Only) divided into 321,50,58,356 (Three Hundred Twenty One Crores Fifty Lacs Fifty Eight Thousand Three Hundred Fifty Six) equity shares of Rs. 2/- (Rupees Two Only) each.

Shares of SUZLON ENERGY LTD. was last trading in BSE at Rs.13.15 as compared to the previous close of Rs. 13.35. The total number of shares traded during the day was 2579986 in over 5941 trades.

The stock hit an intraday high of Rs. 13.65 and intraday low of 13.05. The net turnover during the day was Rs. 34423812.

Source : Equity Bulls

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