Suzlon scraps $1.2 billion debt repayment offer as Vestas backs out

By Suvashree Ghosh, Baiju Kalesh and P R Sanjai Suzlon Energy withdrew an offer to repay about Rs 8,500 crore ($1.2 billion) to lenders after Vestas Wind Systems A/C, which was backing the proposal, pulled out of the debt-resolution plan, according to people familiar with the matter. The settlement was the only offer before the … Read moreSuzlon scraps $1.2 billion debt repayment offer as Vestas backs out

Suzlon Defaults On Bond Payment, In Talks To Sell Stake: Report

Suzlon Defaults On Bond Payment, In Talks To Sell Stake: Report

Mumbai:  Debt-laden Suzlon Energy said it defaulted on a $172 million bond payment on Tuesday, as sources aware of the matter said the wind power equipment maker was in talks with several global private equity funds to sell a majority stake. The company’s creditors, led by the country’s biggest lenders State Bank of India, last … Read moreSuzlon Defaults On Bond Payment, In Talks To Sell Stake: Report

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