Suzlon allots 38.95 lakh equity shares to FCCB holders

SuzlonSuzlon Energy said that it will allot 38.95 lakh equity shares to holders of its foreign currency convertible bonds after getting a conversion notice from a bond holder.

The bonds were due on July, 2019.

Each bond is worth $1000 and will be converted at Rs. 60.225 per dollar.

Equity will be issued at Rs 15.46 per share.

The issue will dilute Suzlon’s capital by 0.08%.