Suzlon Energy Ltd allots 52126176 shares

The Securities Issue Committee of the Board of Directors of Suzlon Energy Ltd has, at its meeting held on January 13, 2015, approved allotment of 5,21,26,176 (Five Crores Twenty One Lacs Twenty Six Thousand One Hundred Seventy Six) equity shares of Rs. 2/- each on conversion of 13,381 (Thirteen Thousand Three Hundred Eighty One) USD 546,916,000 Step-up Convertible Bonds due July 2019 worth USD 13,381,000 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 allotment, the paid-up capital of the Company is Rs. 653,43,69,064/- (Rupees Six Hundred Fifty Three Crores Forty Three Lacs Sixty Nine Thousand Sixty Four Only) divided into 326,71,84,532 (Three Hundred Twenty Six Crores Seventy One Lacs Eighty Four Thousand Five Hundred Thirty Two) equity shares of Rs. 2/- (Rupees Two Only) each.

Shares of SUZLON ENERGY LTD. was last trading in BSE at Rs.15.21 as compared to the previous close of Rs. 15.69. The total number of shares traded during the day was 6629806 in over 12256 trades.

The stock hit an intraday high of Rs. 16.04 and intraday low of 15.05. The net turnover during the day was Rs. 102792325.

Source : Equity Bulls

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