Suzlon shares fall after rejection of debt extension

SUZLON-INDIA-SHARES-DEBT-REDEMPTION:Suzlon shares fall after rejection of debt extension

Shares in India's Suzlon Energy fell as much as 5 percent on Thursday after the bondholders of the world's fifth-largest maker of wind turbines rejected a proposal to extend the maturity of its overseas convertible bonds by four months.

About $221 million in dollar convertible bonds issued by Suzlon are due on Thursday. (READ STORY http://in.reuters.com/article/2012/10/11/india-suzlon-bond-redemption-idINDEE89A01T20121011)

Suzlon shares were down 4.2 percent at 0359 GMT, compared to a 0.16 percent fall in the NSE index.