Suzlon Energy has found a new suitor, says chairman Tulsi Tanti
NEW DELHI : Suzlon Energy Ltd has found a new suitor even as a rescue plan of Canada’s Brookfield Asset Management Inc. faltered, said Tulsi Tanti, the founder and chairman of the financially-troubled wind turbine maker.
The lenders’ consortium for Suzlon was earlier working on a resolution plan involving the purchase of a majority stake by Toronto-based asset manager Brookfield. Pune-based Suzlon reported a consolidated net term debt of ₹7,761 crore and a working capital debt of ₹3,380 crore as of March 2019.
“We can’t disclose the name as we have signed a confidentiality agreement,” Tanti told Mint.
