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Amid A Lockdown, Suzlon’s Lenders Sign-Off On Yet Another Restructuring
About 68% of Suzlon’s Rs 11,300 crore outstanding debt would be treated as haircut for the lenders involved for now.
02 Apr 2020, 03:07 PM IST
The nation is under a 21-day lockdown. Bankers are conducting most of their business over video conference rather than negotiating across the table.It was over one such video call that more than a dozen lenders to Suzlon Energy Ltd. signed-off on a second restructuring plan for the debt-ridden wind power company, said two bankers familiar with the matter, while speaking on condition of anonymity.The plan involves Rs 7,700 crore in lo...
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