MUMBAI: Wind turbine maker Suzlon EnergyNSE 0.00 % and its bankers are working on a debt restructuring programme to avoid the bankruptcy court for resolution. This is after talks for stake sale with potential buyers collapsed.
Chairman Tulsi Tanti told ET that the domestic wind energy market faces problems that have made foreign investors wary of investing, forcing the company to drop its stake sale plan to resolve debt issues.
“We were talking to two global investors to invest in Suzlon Energy. Unfortunately, because of the challenging business environment, they have decided not to go ahead with the investments,” Tanti said.
