Suzlon shares fall after rejection of debt extension
Agencies: Mumbai, Oct 11 2012, 11:16 IST
Shares in India's Suzlon Energy fell as much as 5 percent on Thursday after the bondholders of the world's fifth-largest maker of wind turbines rejected a proposal to extend the maturity of its overseas convertible bonds by four months.
About $221 million in dollar convertible bonds issued by Suzlon are due on Thursday.
Suzlon shares were down 4.2 per cent at 0359 GMT, compared to a 0.16 percent fall in the NSE index.
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