Suzlon Energy has appointed Ashwani Kumar as the Chief Executive Officer and one of the key managerial personnel of the Company, to act as the Group Chief Executive Officer, with effect from 19 October 2020.

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Suzlon Energy has allotted 7,85,88,145 equity shares of the Company on conversion of 8,564 U.S.$ denominated Convertible Bonds due 2032 having a face value of USD 320 each at a conversion price of Rs.2.61 perequity share with a fixed rate of exchange on conversion of Rs.74.8464 to USD 1.00.

Post aforesaid allotment, the paid-up capital of the Company is Rs.1660,82,22,396 divided into 830,41,11,198 equity shares of Rs.2 each.

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Sonata Software Ltd, Arvind Ltd, Orient Cement Ltd and Edelweiss Financial Services Ltd are among the other losers in the BSE's 'A' group today, 28 September 2020.

Suzlon Energy Ltd tumbled 2.62% to Rs 2.97 at 14:49 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 36.23 lakh shares were traded on the counter so far as against the average daily volumes of 40.94 lakh shares in the past one month.

Sonata Software Ltd lost 2.11% to Rs 322.1. The stock was the second biggest loser in 'A' group.On the BSE, 16707 shares were traded on the counter so far as against the average daily volumes of 25572 shares in the past one month.

Arvind Ltd crashed 1.82% to Rs 32.4. The stock was the third biggest loser in 'A' group.On the BSE, 1.25 lakh shares were traded on the counter so far as against the average daily volumes of 9.1 lakh shares in the past one month.

Orient Cement Ltd corrected 1.80% to Rs 62.6. The stock was the fourth biggest loser in 'A' group.On the BSE, 24450 shares were traded on the counter so far as against the average daily volumes of 31760 shares in the past one month.

Edelweiss Financial Services Ltd dropped 1.79% to Rs 57.55. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.16 lakh shares were traded on the counter so far as against the average daily volumes of 4.51 lakh shares in the past one month.

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Suzlon Energy announced the appointment of Hiten Timbadia (DIN: 00210210) as an Additional Director of the Company, with effect from 29 August 2020.

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