Suzlon shares fall after rejection of debt extension

Agencies : Mumbai, Thu Oct 11 2012, 11:16 hrs

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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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