{"id":344330,"date":"2020-03-31T10:42:00","date_gmt":"2020-03-31T05:12:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=344330"},"modified":"2020-03-31T10:43:29","modified_gmt":"2020-03-31T05:13:29","slug":"sbi-led-lenders-approve-suzlons-rs-14000-crore-loan-recast","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sbi-led-lenders-approve-suzlons-rs-14000-crore-loan-recast\/","title":{"rendered":"SBI-led lenders approve Suzlon&#8217;s Rs 14,000 crore loan recast"},"content":{"rendered":"<p>MUMBAI: Troubled wind turbine maker Suzlon EnergyNSE 2.63 % has received approval from lenders led by State Bank of IndiaNSE 2.06 % to restructure its Rs 14,000 crore worth debt.<\/p>\n<p>The company and lenders were working on the resolution plan as per the Reserve Bank of India (Prudential Framework for Resolution of Stressed Assets) Directions, 2019 issued by the central bank through a circular dated June 7, 2019.<\/p>\n<p>ET had reported earlier that the bankers had agreed in-principle to the plan that would convert its sustainable debt into equity, require banks to write off part of its unsustainable debt, and have promoter entities infuse around Rs 400 crore in equity in the company<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Troubled wind turbine maker Suzlon EnergyNSE 2.63 % has received approval from lenders led by State Bank of IndiaNSE 2.06 % to restructure its Rs 14,000 crore worth debt. The company and lenders were working on the resolution plan as per the Reserve Bank of India (Prudential Framework for Resolution of Stressed Assets) Directions, 2019 issued by the central bank through a circular dated June 7, 2019. ET had reported earlier that the bankers had agreed in-principle to the plan that would convert its sustainable debt into equity, require banks to write off part of its unsustainable debt, and [&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-344330","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\/344330","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=344330"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/344330\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=344330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=344330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=344330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}