SUZLON ENERGY LTD. - Outcome of Securities Issue Committee Meeting
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| 18 Nov 2015 | |
| Suzlon Energy Ltd has informed BSE that the Securities Issue Committee of the Board of Directors of the Company at its meeting held on November 18, 2015, has approved allotment of 1,55,82,147 (One Crore Fifty Five Lacs Eighty Two Thousand One Hundred Forty Seven) equity shares of Rs.2/- (Rupees Two Only) each, on conversion of 4,000 (Four Thousand) USD 546,916,000 Step-up Convertible Bonds due July 2019 of USD 1,000 each at a conversion price of Rs.15.46 (Rupees Fifteen and Paise Forty Six Only) per equity share with a fixed rate of exchange on conversion of Rs.60.225 to USD 1.00 in terms of the Information Memorandum dated June 17, 2014. pursuant to the conversion notices received from certain bondholders of the USD 546,916,000 Step-up Convertible Bonds due July 2019.<BR><BR>Post aforesaid allotment, the paid-up capital of the Company is Rs. 997,83,51,018/- (Rupees Nine Hundred Ninety Seven Crores Eighty Three Lacs Fifty One Thousand Eighteen Only) divided into 498,91,75,509 (Four Hundred Ninety Eight Crores Ninety One Lacs Seventy Five Thousand Five Hundred Nine) equity shares of Rs.2/- (Rupees Two Only) each. | |
| View all announcements for SUZLON ENERGY LTD. | Source: BSE India |
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