On conversion of bond
Suzlon Energy announced that the Securities Issue Committee of the Board of Directors of the Company has, at its meeting held on 05 February 2015, approved allotment of 13,59,54,229 (Thirteen Crores Fifty Nine Lacs Fifty Four Thousand Two Hundred Twenty Nine) equity shares of Rs. 2/- (Rupees Two Only) each, on conversion of 34,900 (Thirty Four Thousand Nine Hundred) USD 546,916,000 Step-up Convertible Bonds due July 2019 worth USD 34,900,000 at a conversion price of Rs. 15.46 (Rupees Fifteen and Paise Forty Six Only) per equity share with a fixed rate of exchange on conversion of Rs. 60.225 to USD 1.00 in terms of the Information Memorandum dated 17 June 2014, pursuant to the conversion notices received from certain bondholders of the USD 546,916,000 Step-up Convertible Bonds due July 2019.Post aforesaid allotment, the paid-up capital of the Company is Rs. 680,62,77,522/- (Rupees Six Hundred Eighty Crores Sixty Two Lacs Seventy Seven Thousand Five Hundred Twenty Two Only) divided into 340,31,38,761 (Three Hundred Forty Crores Thirty One Lacs Thirty Eight Thousand Seven Hundred Sixty One) Equity Shares of Rs. 2/- (Rupees Two Only) each.
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