{"id":279426,"date":"2019-06-25T05:58:27","date_gmt":"2019-06-25T05:58:27","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=279426"},"modified":"2019-06-25T05:58:27","modified_gmt":"2019-06-25T05:58:27","slug":"suzlon-offers-to-sell-majority-stake-to-brookfield-for-settling-loans","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/suzlon-offers-to-sell-majority-stake-to-brookfield-for-settling-loans\/","title":{"rendered":"Suzlon offers to sell majority stake to Brookfield for settling loans"},"content":{"rendered":"<p>Mumbai: Suzlon EnergyNSE 2.02 % has told its lenders that Canadian investor Brookfield is keen to acquire majority stake in it, which would help the cash-strapped renewable energy company settle its loans if the lenders were to give a waiver, people involved with the development said. <\/p>\n<p>Suzlon has offered a one-time settlement proposal to its lenders that entails potential stake sale to Brookfield that would infuse additional equity in the company, and a considerable amount of waiver of the debts by lenders including foreign currency convertible bondholders, which could eventually help the loss-making company to scale up its operations and meet the remaining financial obligations. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Suzlon EnergyNSE 2.02 % has told its lenders that Canadian investor Brookfield is keen to acquire majority stake in it, which would help the cash-strapped renewable energy company settle its loans if the lenders were to give a waiver, people involved with the development said. Suzlon has offered a one-time settlement proposal to its lenders that entails potential stake sale to Brookfield that would infuse additional equity in the company, and a considerable amount of waiver of the debts by lenders including foreign currency convertible bondholders, which could eventually help the loss-making company to scale up its operations and [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-279426","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/279426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=279426"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/279426\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=279426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=279426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=279426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}