Suzlon board to discuss equity-linked securities, convertibles issue

By Sarah Lizee

Olympia, Wash., Feb. 24 – Suzlon Energy Ltd. informed the Bombay Stock Exchange that its board of directors will meet on Thursday to consider an issuance that may include equity-linked instruments or convertible securities.

The issue would be subject to approval of a consortium of lenders and other regulatory authorities.

The company would seek further approval of the shareholders at an extraordinary general meeting as well.

Pune, India-based Suzlon is a wind power company that manufactures, designs, develops and sells wind turbine generators.

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