NIFTY 50

Suzlon Energy completes debt restructuring, banks take steep haircut

Updated : July 01, 2020 04:13 PM IST

The company said it would not pay interest of 9 percent per annum on its debt, repayable over 10 years starting July 1, 2020.
The promoters would also be infusion Rs 392 crore of capital as part of the restructuring.

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