Suzlon Energy allots 12343 Equity Shares

Suzlon Energy Ltd has announced that the Securities Issue Committee of the Board of Directors of the Company at its meeting held on August 27, 2009 has allotted 12,343 equity shares of Rs 2/- each on conversion of Bonds worth US$ 19,000, at a conversion price of Rs 76.6755 per Equity Share in terms of the Offering Circular dated May 08, 2009, pursuant to the conversion notice received from a Bondholder forming part of US$ 35,592,000 7.50% Convertible Bonds due June 2012.

The stock closed the day at Rs.91.40, down by Rs.2.20 or 2.35%. The stock hit an intraday high of Rs.93.60 and low of Rs.91.05.

The total traded quantity was 6761331 compared to 2 week average of 12685080.

Source : Equity Bulls

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