Suzlon Energy redeems entire outstanding FCCBs

Suzlon Energy Ltd has redeemed the entire outstanding FCCBs at their principal amount aggregating to US$ 529,338.11 together with accrued but unpaid interest thereon up to the redemption date @ 1.25% p.a. amounting to US$ 1,378.48 in accordance with terms of the FCCBs.

Accordingly, the FCCBs have been cancelled and will be delisted from the Singapore Exchange Securities Trading Limited. Following the redemption, there are no outstanding FCCBs in issue.

Shares of Suzlon Energy Limited was last trading in BSE at Rs. 8.08 as compared to the previous close of Rs. 8.33. The total number of shares traded during the day was 25703057 in over 11687 trades.

The stock hit an intraday high of Rs. 8.38 and intraday low of 7.94. The net turnover during the day was Rs. 210152771.00.

Source : Equity Bulls

Keywords

SuzlonEnergy INE040H01021 EarlyRedemption FCCBs