Suzlon Energy Ltd allots 47276233 shares

The Securities Issue Committee of the Board of Directors of Suzlon Energy Ltd has, at its meeting held on August 21, 2015, approved allotment of 4,72,76,233 (Four Crores Seventy Two Lacs Seventy Six Thousand Two Hundred Thirty Three) equity shares of Rs. 2/- (Rupees Two Only) each on conversion of 12,136 (Twelve Thousand One Hundred Thirty Six) 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. 974,60,67,954/- (Rupees Nine Hundred Seventy Four Crores Sixty Lacs Sixty Seven Thousand Nine Hundred Fifty Four Only) divided into 487,30,33,977 (Four Hundred Eighty Seven Crores Thirty Lacs Thirty Three Thousand Nine Hundred Seventy Seven) equity shares of Rs. 2/- (Rupees Two Only) each.

Shares of SUZLON ENERGY LTD. was last trading in BSE at Rs.24.45 as compared to the previous close of Rs. 25. The total number of shares traded during the day was 7659566 in over 6022 trades.

The stock hit an intraday high of Rs. 24.75 and intraday low of 23.85. The net turnover during the day was Rs. 186071953.

Source : Equity Bulls

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