{"id":286811,"date":"2019-08-09T04:52:09","date_gmt":"2019-08-09T04:52:09","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=286811"},"modified":"2019-08-09T05:18:03","modified_gmt":"2019-08-09T05:18:03","slug":"suzlon-energy-offers-to-repay-1-2-bn-for-stressed-debt-settlement-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/suzlon-energy-offers-to-repay-1-2-bn-for-stressed-debt-settlement-report\/","title":{"rendered":"Suzlon Energy offers to repay $1.2 bn for stressed debt settlement: Report"},"content":{"rendered":"<p>India\u2019s troubled wind-turbine maker Suzlon Energy Ltd. offered to repay about 85 billion rupees ($1.2 billion) to lenders as part of a bad-debt resolution plan, people with knowledge of the matter said. <\/p>\n<p>Creditors led by State Bank of India will have to take a haircut of as much as 44% on Suzlon\u2019s debt if the offer is accepted, the people said, asking not to be named as the information isn\u2019t public. The settlement plan backed by Vestas Wind Systems A\/C is the only bid in front of lenders after Brookfield Asset Management Inc. dropped out of the race, one of the people said. <\/p>\n<p>Suzlon shares rose as much as 14% in early Mumbai trading on Friday, the biggest intraday gain in two weeks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s troubled wind-turbine maker Suzlon Energy Ltd. offered to repay about 85 billion rupees ($1.2 billion) to lenders as part of a bad-debt resolution plan, people with knowledge of the matter said. Creditors led by State Bank of India will have to take a haircut of as much as 44% on Suzlon\u2019s debt if the offer is accepted, the people said, asking not to be named as the information isn\u2019t public. The settlement plan backed by Vestas Wind Systems A\/C is the only bid in front of lenders after Brookfield Asset Management Inc. dropped out of the race, one of [&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":[135,130,232],"tags":[],"class_list":["post-286811","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286811","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=286811"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/286811\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=286811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=286811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=286811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}