MUMBAI: Brookfield\u2019s plan to acquire a majority stake in Suzlon EnergyNSE -4.71 % has fallen through, after the Canadian investor could not reach a deal with the wind-turbine maker\u2019s lenders on valuation, two people aware of the development said. <\/p>\n
Lenders did not agree to the amount that Brookfield wanted them to forego to proceed with the deal, and are now working with Suzlon on other resolution plans, they told ET. <\/p>\n
\u201cBrookfield was interested in Suzlon only if the valuation was attractive,\u201d one of the people said. \u201cThe haircut on loans that they were asking was not acceptable to banks.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"
MUMBAI: Brookfield\u2019s plan to acquire a majority stake in Suzlon EnergyNSE -4.71 % has fallen through, after the Canadian investor could not reach a deal with the wind-turbine maker\u2019s lenders on valuation, two people aware of the development said. Lenders did not agree to the amount that Brookfield wanted them to forego to proceed with the deal, and are now working with Suzlon on other resolution plans, they told ET. \u201cBrookfield was interested in Suzlon only if the valuation was attractive,\u201d one of the people said. \u201cThe haircut on loans that they were asking was not acceptable to banks.\u201d<\/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-286325","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\/286325","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=286325"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286325\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=286325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=286325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=286325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}