Suzlon Energy – $108 milion GDR Issue
Suzlon Energy Ltd has announced that the issue of GDRs has been priced on July 21, 2009 for a total amount US$ 108.04 million comprising of 14,600,000 GDRs. The price per GDR is fixed at US$ 7.40. Each GDR would represent four equity shares of the Company.

Further, fresh issue of US$ 90.00 million Zero Coupon Convertible Bonds has been priced on July 21, 2009 for a total amount of US$ 93.87 million (issue price of 104.3%) and the initial conversion price has been set at Rs 90.38 per share.

The Company has thus raised a total amount of US$ 201.91 million through both the issuances.