Suzlon to Exit Debt Revamp Plan, Seeks to Raise Equity for Unit

Updated on
  • Company will exit restructuring program by March 31: Tanti
  • Tanti says plans to seek equity investments for SE Forge unit

Suzlon Energy Ltd., India’s biggest convertible bond defaulter, will exit a corporate-debt restructuring program offered by its lenders before March 31 and plans to seek equity investments for its SE Forge Ltd unit, Chairman Tulsi Tanti said in an interview Thursday.

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