"The Securities Issue Committee of the Board of Directors today approved allotment of 1,92,82,907 equity shares of Rs 2 each, on conversion of 4,950 USD 546,916,000 Step-up Convertible Bonds due July 2019 of USD 1,000 each", Suzlon Energy Ltd has informed BSE.
According to the statement, bonds are converted into equity shares at a price of Rs 15.46 per equity share with a fixed rate of exchange on conversion of Rs 60.225 to USD 1 in terms of Information Memorandum dated June 17, 2014.
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