Suzlon resolution plan may get implemented by June 30

The resolution plan for Suzlon may be implemented by June 30 as lenders and promoters have been able to resolve differences on the deal structure, sources close to development told FE. “Lenders may approve a proposal given by Suzlon promoters to convert interest accrued between March 31 and June 30, 2020, amounting to Rs 300 crore, into compulsorily convertible preference shares (CCPS) on Thursday,” the source said.