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Apr 23, 2013, 07.30 PM IST | Source: Moneycontrol.com

Suzlon Group announces completion of CDR

Suzlon Group announces completion of CDR; allotment of shares to lenders. First phase of issuance on new shares to lenders by way of preferential allotment complete.

Suzlon Energy Ltd has informed BSE regarding a Press Release dated April 23, 2013, titled "Suzlon Group announces completion of CDR; allotment of shares to lenders" Master Restructuring Agreement signed, CDR fully implemented First phase of issuance on new shares to lenders by way of preferential allotment complete Promoters infusion of Rs 125 crore/ USD 23 million under CDR requirements completed The first phase of the allotment, for 30.24 crore shares at an issuance price of Rs 18.51 per-share, to CDR lenders was completed today. the new shares issued will be subject to a lock-in period of one year from the date of allotment.Source : BSE

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