Shares of Suzlon Energy Limited fell as much as 8.6 per cent to Rs 4.35, marking their biggest intraday percentage loss since June 28.
The debt-laden wind power equipment maker defaulted on a $172 million bond payment on Tuesday. Sources said that the company was in talks with several global private equity funds to sell a majority stake.
Earlier, it was reported that Canadian company Brookfield Asset Management Inc planned an offer for a majority stake in Suzlon and was talking to the firm’s creditors to restructure its outstanding bank loans.
