Suzlon Energy approves allotment of 79.70 lakh shares on FCCB conversion

Suzlon Energy has approved allotment of 79.70 lakh shares on conversion of 2,046 foreign currency convertible bonds, maturing in July 2019, at ₹15.46 each. The conversion rate for the equity share allotment is ₹60.225 per dollar. Following the allotment, the paid-up capital of the company has increased to ₹1,038.41 crore. Shares of Suzlon Energy were down 1.4 per cent at ₹18.10 on the BSE.