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The securities issue committee of the board of directors of Suzlon Energy on Thursday approved allotment of 20.88 lakh equity shares of ₹2 each on conversion of 536 bonds at ₹15.46 a share. The step-up $546,916,000 convertible bonds (of face value $1,000 each) are due for maturity in July 2019. The exchange rate has been fixed at ₹60.225 to one US dollar. Shares of Suzlon closed 0.4 per cent higher at ₹22.6 on the NSE.
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