The company’s total outstanding borrowing from banks or financial institutions is Rs 12,885.75 crore, according to a regulatory filing by Suzlon. Suzlon Energy on Tuesday said its debt as on March 31 stood at Rs 14,262.06 crore, which also includes outstanding foreign currency convertible bonds worth Rs 1,376.30 crore (around $172 million). The company’s total […]
Suzlon Energy bondholders okay resolution plan for $172 million bonds
The company had called a meeting of bondholders on April 6 seeking their nod for resolution of the outstanding $172 million bonds. Suzlon Energy on Monday received approval from bondholders for a resolution plan for outstanding securities of $172 million, the company said. The company had called a meeting of bondholders on April 6 seeking […]
SBI unanimously approved the restructuring of Suzlon Energy’s Rs 14,000-cr debt
The company is working on finalising various definitive agreements with the lenders, it told BSE The State Bank of India (SBI)–led consortium has unanimously approved the restructuring of Suzlon Energy’s Rs 14,000 crore worth of debt, the company said in a filing with the BSE. “The company is working on finalising various definitive agreements with […]
Suzlon Energy defaults on borrowings worth Rs7,256.38cr
The company’s filing said that the loans were given by a consortium of 18 banks led by the State Bank of India and Indian Renewable Energy Development Agency (IREDA). Suzlon Energy, on Tuesday, notified that it has defaulted on loans worth Rs7,256.38cr due on March 19, 2019. The company’s filing said that the loans were […]
Bankers look to resolve account of troubled wind turbine maker Suzlon Energy
Sources privy to the development told IANS that lenders may seek a month’s extension for complete resolution of Suzlon beyond the stipulated 180 days allowed under the latest Reserve Bank of India circular. New Delhi: Bankers may make one more attempt to resolve the account of troubled wind turbine maker Suzlon Energy to prevent the […]
Suzlon Energy Q2 net loss widens to Rs 777 cr
Its revenue from operations fell to Rs 803.09 crore during the quarter under review as against Rs 1,194.99 crore in the year-ago period. New Delhi: Suzlon Energy on Thursday reported widening of its consolidated net loss to Rs 777.52 crore in the quarter ended September 30, 2019. The company had reported a net loss of […]
Suzlon Energy has found a new suitor, says chairman Tulsi Tanti
Development comes after rescue plan involving the purchase of a majority stake by Brookfield faltered Tanti says Suzlon Energy can’t disclose the name as it has signed a confidentiality agreement NEW DELHI : Suzlon Energy Ltd has found a new suitor even as a rescue plan of Canada’s Brookfield Asset Management Inc. faltered, said Tulsi […]
Suzlon Energy denies reports of filing for bankruptcy, stock dives by 9 per cent
“We wish to reiterate that Suzlon’s debt resolution and revival plans have never been dependent on any single option,” it informed stock exchanges in regulatory filings Mumbai (Maharashtra): Troubled renewable energy solutions provider Suzlon on Monday denied reports suggesting that it has filed for bankruptcy and will soon be approaching the National Company Law Tribunal […]
Suzlon Energy denies reports of filing for bankruptcy, stock dives by 9 pc
Mumbai (Maharashtra) [India]: Troubled renewable energy solutions provider Suzlon on Monday denied reports suggesting that it has filed for bankruptcy and will soon be approaching the National Company Law Tribunal (NCLT). “We wish to reiterate that Suzlon’s debt resolution and revival plans have never been dependent on any single option,” it informed stock exchanges in […]
Suzlon Energy tumbles 6% on concerns over looming default
Discussions are on between bondholders and Suzlon Energy for resolution Shares of Suzlon Energy declined over 5 per cent in early trade on Tuesday after reports that the company is staring at a default on redemption of its foreign currency convertible bonds (FCCBs) worth $172 million, or Rs 1,200 crore, due on Tuesday. It has […]