Suzlon Energy changes conversion price to Rs 76.6755 for bonds

Suzlon Energy Ltd has announced with reference to the earlier announcement Dated March 31, 2009 and the terms and conditions of the Consent Solicitation and Offer Memorandum, that the Company has determined a conversion price of Rs 76.6755 per equity share of Rs 2/- each, at an exchange rate of Rs 49.8112 = U.S.$ 1.00, in respect of the new convertible bonds that may be issued by the Company in exchange for the Bonds as an incentive to consent to certain amendments to the terms and conditions of each of the Bonds.

The stock was trading at Rs.66.40, up by Rs.0.45 or 0.68%. The stock hit an intraday high of Rs.67.10 and low of Rs.63.95.

The total traded quantity was 3453771 compared to 2 week average of 18021659.

Source : Equity Bulls

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