Suzlon Energy Limited allots 8,46,17,151 equity shares

The Securities Issue Committee of the Board of Directors of Suzlon Energy Limited has, by way of circular resolution passed on 1st February 2021, approved allotment of 8,46,17,151 (Eight Crores Forty Six Lacs Seventeen Thousand One Hundred Fifty One) equity shares of the Company bearing distinctive numbers from 8664667383 to 8749284533 and having a face value of Rs.2/- (Rupees Two Only) each on conversion of 9,221 (Nine Thousand Two Hundred Twenty One) US$ denominated Convertible Bonds due 2032 having a face value of USD 320 each at a conversion price of Rs.2.61 (Rupees Two and Paise Sixty One Only) per equity share with a fixed rate of exchange on conversion of Rs.74.8464 to US$ 1.00 in terms of the Consent Solicitation and Information Memorandum dated 26th March 2020 as supplemented on 31st March 2020 and 2nd April 2020, pursuant to the conversion notice(s) received from Bondholder(s) forming part of US$ denominated Convertible Bonds due 2032.

Post aforesaid allotment, the paid-up capital of the Company is Rs.1689,85,69,066/- (Rupees One Thousand Six Hundred Eighty Nine Crores Eighty Five Lacs Sixty Nine Thousand Sixty Six Only) divided into 844,92,84,533 (Eight Hundred Forty Four Crores Ninety Two Lacs Eighty Four Thousand Five Hundred Thirty Three) equity shares of Rs.2/- (Rupees Two Only) each.

Shares of SUZLON ENERGY LTD. was last trading in BSE at Rs.6.61 as compared to the previous close of Rs. 6.3. The total number of shares traded during the day was 2792798 in over 1417 trades.

The stock hit an intraday high of Rs. 6.61 and intraday low of 6.61. The net turnover during the day was Rs. 18460394.

Source : Equity Bulls

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