{"id":282777,"date":"2019-07-17T06:36:35","date_gmt":"2019-07-17T06:36:35","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=282777"},"modified":"2019-07-17T06:38:14","modified_gmt":"2019-07-17T06:38:14","slug":"suzlon-defaults-on-bond-payment-sources-say-its-in-talks-to-sell-stake","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/suzlon-defaults-on-bond-payment-sources-say-its-in-talks-to-sell-stake\/","title":{"rendered":"Suzlon defaults on bond payment, sources say it&#8217;s in talks to sell stake"},"content":{"rendered":"<p>MUMBAI: India&#8217;s debt-laden SuzlonNSE -3.23 % Energy said it defaulted on a $172 million bond payment on Tuesday, as sources aware of the matter said the wind power equipment maker was in talks with several global private equity funds to sell a majority stake. <\/p>\n<p>The company&#8217;s creditors, led by India&#8217;s biggest lenders State Bank of India, last week signed a so-called inter-creditor agreement (ICA) under which they had agreed not to take the company to a bankruptcy court. <\/p>\n<p>Instead, they are studying a one-time settlement plan offered by the company, said the sources, who asked not to be named as they were not authorised to discuss the matter publicly. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: India&#8217;s debt-laden SuzlonNSE -3.23 % Energy said it defaulted on a $172 million bond payment on Tuesday, as sources aware of the matter said the wind power equipment maker was in talks with several global private equity funds to sell a majority stake. The company&#8217;s creditors, led by India&#8217;s biggest lenders State Bank of India, last week signed a so-called inter-creditor agreement (ICA) under which they had agreed not to take the company to a bankruptcy court. Instead, they are studying a one-time settlement plan offered by the company, said the sources, who asked not to be named as [&hellip;]<\/p>\n","protected":false},"author":40,"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-282777","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\/282777","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=282777"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/282777\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=282777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=282777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=282777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}