Suzlon Energy hopes to issue up to Rs. 50 billion in convertibles

By Devika Patel

Knoxville, Tenn., June 29 - Suzlon Energy Ltd. informed the Bombay Stock Exchange that it approved plans at a board of directors meeting on June 27 to issue up to Rs. 50 billion in convertibles.

Other securities being considered are Global Depositary Receipts, equity shares and other instruments convertible into or linked to equity shares.

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

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