Suzlon 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%.