{"id":282928,"date":"2019-07-18T05:29:40","date_gmt":"2019-07-18T05:29:40","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=282928"},"modified":"2019-07-18T05:29:40","modified_gmt":"2019-07-18T05:29:40","slug":"suzlon-shares-slump-after-company-misses-convertible-bond-payment","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/suzlon-shares-slump-after-company-misses-convertible-bond-payment\/","title":{"rendered":"Suzlon shares slump after company misses convertible bond payment"},"content":{"rendered":"<p>Suzlon Energy Ltd., which became India\u2019s biggest convertible-note defaulter in 2012, slumped in Mumbai after missing payments on dollar-denominated convertibles due Tuesday.<\/p>\n<p>Shares of Suzlon, the stressed wind-turbine maker, fell as much as 8.6% in trading on Wednesday after missing a July 16 deadline to repay $172 million outstanding on the securities. While an earlier debt revamp helped the company\u2019s shares surge in 2014-2015, they\u2019ve since slumped as increased competition diluted Suzlon\u2019s market share.<\/p>\n<p>\u201cThe company is working on holistic solution for its debt and continues to be in discussions with various stakeholders in relation to its outstanding debt (including the bonds),&#8221; it said in an exchange filing Tuesday evening.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Suzlon Energy Ltd., which became India\u2019s biggest convertible-note defaulter in 2012, slumped in Mumbai after missing payments on dollar-denominated convertibles due Tuesday. Shares of Suzlon, the stressed wind-turbine maker, fell as much as 8.6% in trading on Wednesday after missing a July 16 deadline to repay $172 million outstanding on the securities. While an earlier debt revamp helped the company\u2019s shares surge in 2014-2015, they\u2019ve since slumped as increased competition diluted Suzlon\u2019s market share. \u201cThe company is working on holistic solution for its debt and continues to be in discussions with various stakeholders in relation to its outstanding debt (including [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-282928","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/282928","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=282928"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/282928\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=282928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=282928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=282928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}