Shares of wind-energy major Suzlon Energy were down over 3% after the company after market hours Tuesday informed that it is seeking four-month extension of its Zero Coupon foreign currency convertible bonds due October 2012.
The company has issued notices to the bond holders of $200 million Zero Coupon Convertible Bonds due October 2012 and $20.796 million 7.5% Convertible Bonds also due October 2012 for extension of maturity dates for each of the series of the Bonds from 11 October 2012 to 11 February 2013, Suzlon said in a release to the Bombay Stock Exchange.
The meetings of the Bond holders are proposed to be held on October 10, 2012, the release said.
A combined volume of over 2.3 million shares were traded on the Bombay Stock Exchange and National Stock Exchange.
