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Suzlon Group debt restructuring plan gets lenders’ nod


Under the restructuring, term debt has been reduced with an interest of 9 per cent repayable over ten years starting today.

Suzlon Group has announced the completion of its debt restructuring with approval of secured lenders.

Under the restructuring, term debt has been reduced with an interest of 9 per cent repayable over ten years starting July 1, 2020.

Balance debt of secured consortium lenders replaced by 0.01 per cent Optionally Convertible Debenture (OCD) of the company and 0.0001 per cent Compulsorily Convertible Preference Shares (CCPS) of its subsidiary redeemable or convertible in 20 years.

Tulsi Tanti, Founder ...


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