Suzlon board okays proposals to restructure outstanding debt, bonds dues
Suzlon Energy on Saturday said its board has approved various proposals to facilitate debt and bond restructuring.
Recently, the company got approval from lenders as well as bondholders to restructure outstanding debt and bonds dues.
A company official said the company’s outstanding debt is close to Rs 12,500 crore, while due bonds are worth USD 172 million.
The board in its meeting held on Saturday also approved a proposal to conduct postal ballot for seeking the approval of the shareholders for various matters, including restructuring of debt and bonds outstanding, according to a BSE filing.
Earlier this week, Suzlon Energy informed the BSE it would decide on April 18 on convening a fresh extraordinary general meeting (EGM), which was to be held April 15.
