Suzlon to raise $200 mn from overseas
July 21st, 2009 - 3:37 pm ICT by IANSMumbai, July 21 (IANS) Wind energy major Suzlon will raise $201.91 million by issuing global depository receipts (GDR) and zero coupon convertible bonds, the company said Tuesday.
In a statement, Suzlon said it planned to raise $108 million through the global depository receipt route comprising 14,600,000 shares at $7.4 per unit.
Each GDR will represent four equity shares of the company.
Suzlon will also issue 90 million zero coupon convertible bonds to raise $93.87 million at an initial conversion price set at Rs.90.38 per share.
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Tags: conversion price, convertible bonds, gdr, global depository receipt, global depository receipts, initial conversion, mumbai, rs 90, suzlon, wind energy