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Suzlon Energy said that 1.92 crore equity shares on conversion of 4,950 bonds worth USD 546.91 million has been issued by it.
Suzlon Energy Ltd has informed to BSE that “The Securities Issue Committee of the Board of Directors 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.”
The statement further said that the 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.
