Suzlon Energy proposes $1.2 billion deal to settle debt
Mumbai: Troubled wind-turbine maker Suzlon Energy offered to repay about Rs 8,500 crore ($1.2 billion) to lenders as part of a bad debt-resolution plan, people with knowledge of the matter said.
Creditors led by State Bank of India will have to take a haircut of as much as 44 per cent on Suzlon’s debt if the offer is accepted, the people said, asking not to be named as the information is not public.
