Home / Companies / News / Suzlon board okays issuance of NCDs worth Rs 4.4K cr under debt recast plan

Suzlon board okays issuance of NCDs worth Rs 4.4K cr under debt recast plan

The company's BSE filing read that Suzlon and its subsidiaries have recently concluded a comprehensive debt restructuring and issued various convertible and optional securities pursuant to the same

Premium

The company and the auditors are in the process of finalising the valuation of such securities.

2 min read Last Updated : Aug 24 2020 | 11:32 PM IST

Suzlon Energy's board on Monday approved the proposal to issue non-convertible debentures worth Rs 4,453.01 crore under its debt restructuring plan.

However, the company's board of directors have deferred approval of financial results for June quarter till August 28, 2020.

The approval of financial results was one of the agenda listed for the meeting scheduled on Monday.

In its meeting held on Monday, the board of directors of the company approved the issuance of non-convertible debentures to an extent of Rs 4,453.01 crore on private placement basis to Suzlon Global Services Limited, the wholly-owned subsidiary of the company, as part of restructuring of

Topics : Suzlon Energy NCD non-convertible debentures

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in