 "Suzlon Energy declines 10% for second straight day")
Suzlon Energy was locked in lower circuit for the second straight day, down 10% at Rs 18.35 on National Stock Exchange, after fresh equity shares following the conversion of the company's foreign currency convertible bonds (FCCBs) began to trade from Friday, September 19, 2014.
Suzlon Energy had allotted 270 million equity shares of Rs 2 each at a price of Rs 15.46 per share pursuant to conversion of FCCBs of the company.
Till 0935 hours, a combined around one million shares changed hands on the counter on BSE and NSE. There are pending sell orders for as many as 194 million shares on both the exchanges.
Suzlon Energy had allotted 270 million equity shares of Rs 2 each at a price of Rs 15.46 per share pursuant to conversion of FCCBs of the company.
Till 0935 hours, a combined around one million shares changed hands on the counter on BSE and NSE. There are pending sell orders for as many as 194 million shares on both the exchanges.