Suzlon Energy board approves Rs. 50 billion issue of convertibles

By Tali David

Minneapolis, May 30 - Suzlon Energy Ltd. informed the Bombay Stock Exchange that its board of directors has approved an issue of Rs. 50 billion of foreign-currency convertible bonds, equity shares, global depositary receipts, international depositary receipts or other equity-linked instruments, according to a notice.

The issuance is subject to approval at a general meeting of the company.

Suzlon is a wind power company based in Pune, India.

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