On conversion of Step-up Convertible Bonds
Suzlon Energy announced that the Securities Issue Committee of the Board of Directors of the Company has, at its meeting held on 25 June 2015, approved allotment of 20,88,007 equity shares of Rs. 2/- each on conversion of 536 USD 546,916,000 Step-up Convertible Bonds due July 2019 of USD 1,000 each at a conversion price of Rs. 15.46 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 17 June 2014, pursuant to the conversion notices received from certain bondholders of the USD 546,916,000 Step-up Convertible Bonds due July 2019.Post aforesaid allotment, the paid-up capital of the Company is Rs. 965,15,15,488/- divided into 482,57,57,744 Equity Shares of Rs. 2/- (Rupees Two Only) each.
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