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Exclusive: With No Buyers In Sight, Suzlon’s Lenders Weigh Recovery Proceedings
Debt-laden Suzlon Energy has seen two potential investors back out in the past six months.
21 Nov 2019, 07:19 PM IST
Lenders to Suzlon Energy Ltd. are leaning towards initiating recovery proceedings after attempts to draw new investors to the company fell through, two bankers with direct knowledge of the matter told BloombergQuint on conditions of anonymity.The debt-laden Suzlon Energy, which has already gone through debt restructuring in 2013, has seen two potential investors back out in the past six months, leaving lenders with fewer options. The...
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