Suzlon Energy completes debt restructuring as promoters satisfy capital infusion condition

The loss making company said that its term debt has been reduced with a lower rate of interest effective July 1 and the balance debt of secured consortium lenders has been replaced by optionally convertible debenture of the company and compulsorily convertible preference shares of its subsidiary.

from Energy-Industry-Economic Times https://ift.tt/3eN4xkI