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.
Previous Story China raises rail spending plan again to support economy Next Story Bank of America mortgage workforce swells even as it tightens belt
Reader's Comments| Post a Comment
Be the first to comment.