Suzlon Energy Limited allots 11,16,64,691 shares

The Securities Issue Committee of the Board of Directors of Suzlon Energy Limited has, at its meeting held on 10th March 2022 (which commenced at 5.00 p.m. and concluded at 5.20 p.m.), approved allotment of 11,16,64,691 (Eleven Crores Sixteen Lacs Sixty Four Thousand Six Hundred Ninety One) equity shares of the Company bearing distinctive numbers from 9405779347 to 9517444037 and having a face value of Rs.2/- (Rupees Two Only) each on conversion of 11,680 (Eleven Thousand Six Hundred Eighty) US$ denominated Convertible Bonds due 2032 ("Bonds") having a face value of US$ 320 each, which after capitalising interest @ 2.75% per annum accrued on half yearly basis on the Bonds is aggregating to US$ 38,93,906, 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.1843,48,88,074/- (Rupees One Thousand Eight Hundred Forty Three Crores Forty Eight Lacs Eighty Eight Thousand Seventy Four Only) divided into 921,74,44,037 (Nine Hundred Twenty One Crores Seventy Four Lacs Forty Four Thousand Thirty Seven) equity shares of Rs.2/- (Rupees Two Only) each.

Shares of Suzlon Energy Limited was last trading in BSE at Rs. 10.03 as compared to the previous close of Rs. 9.96. The total number of shares traded during the day was 6965736 in over 11938 trades.

The stock hit an intraday high of Rs. 10.18 and intraday low of 9.92. The net turnover during the day was Rs. 70052223.00.

Source : Equity Bulls

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SuzlonEnergy INE040H01021 SharesAllotment