Suzlon Energy rallies 14% as firm offers Rs 8,500 crore to lenders
NEW DELHI: Shares of SuzlonNSE 10.00 % Energy rallied over 14 per cent in Friday’s trade after a report suggested that the troubled wind-turbine maker has offered to repay about Rs 8,500 crore to lenders as part of a bad-debt-resolution plan.
People with knowledge of the matter told Bloomberg 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.
