Board of Suzlon Energy allots 2.36 cr equity shares on conversion of bonds

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Capital Market
Last Updated : May 20 2021 | 9:32 PM IST
The Board of Suzlon Energy at its meeting held on 20 May 2021 has approved allotment of 2,36,47,562 equity shares of face value of Rs 2 each on conversion of 2542 USD denominated convertible bonds due 2032 have face value of USD 320 each which after capitalising interest @ 2.75% per annum accrued on half yearly basis on the Bonds is aggregating to USD 824,624, at a conversion price of Rs.2.61 per equity share with a fixed rate of exchange on conversion of Rs.74.8464 to USD 1.00.

Post aforesaid allotment, the paid-up capital of the Company is Rs.1768,85,21,134 divided into 884,42,60,567 equity shares of Rs.2 each.

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First Published: May 20 2021 | 9:15 PM IST

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