Suzlon bondholders approve resolution conception for excellent $172 million

Stock Evaluation, IPO, Mutual Funds, Bonds & More

    The total size of the bond area used to be USD 546.91 million.

    PTI|

    Final Up to this point: Apr 06, 2020, 09.22 PM IST

    Getty Photos

    The company’s full debt from the lenders stands at round Rs 12,900 crore, a company legit talked about.

    New Delhi: Suzlon Strength on Monday bought approval from bondholders for a resolution conception for excellent securities of USD 172 million, the corporate talked about.

    The company had known as a gathering of bondholders on April 6 hunting for their nod for resolution of the excellent USD 172 million bonds.

    A regulatory submitting talked about that the bond resolution conception used to be accredited with the requisite majority in the bondholders assembly.

    The company has given few alternatives to bondholders under the proposed resolution conception hunting for hair prick.

    The total size of the bond area used to be USD 546.91 million.

    “The company paid the bondholders partly earlier. Now the excellent amount is USD 172 million,” a company legit talked about.

    Restructuring of bonds used to be one amongst the must haves stipulated in the corporate’s debt restructuring proposal of the consortium of lenders.

    The company had launched the intention by the issuance of a take into legend of the assembly of bondholders on 13th March 2020 to walk critical resolutions.

    Earlier on March 30, an SBI-led consortium of lenders had accredited a debt resolution conception.

    The company’s full debt from the lenders stands at round Rs 12,900 crore, a company legit talked about.

    In essentially the most modern ethical framework, the resolution has been passed by the majority and now the Firm shall be in the intention of complying with the must haves precedent for restructuring the bonds including procuring the RBI approval.

    Additionally Be taught

    Address bondholders ‘in route of’: YES Bank administrator

    AT1 bondholders slam YES monetary institution as lender seeks to extinguish bonds

    Bondholders tear Reliance Dwelling Finance to NCLT

    Certain Bank bondholders reach out to RBI, Sebi on write-down

    Commenting characteristic is disabled in your country/jam.

    Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Carrier

    Be taught More

    Leave a Reply

    Your email address will not be published. Required fields are marked *