 "suzlon")
The promoters and associates of Suzlon Energy will infuse up to Rs 400 crore as equity into the troubled renewable energy company, through various securities as part of the proposed restructuring plan.
The entities pumping in money include Tanti Holdings Pvt (promoter), Shanghvi Finance and associates.
The board of directors, in a late night meeting on Thursday, approved a proposal for restructuring debt of the company and its certain identified subsidiaries, the company said in its filing with the BSE. Suzlon’s stock closed 5.9 per cent lower at Rs 2.69 per share on the BSE on Friday.
The entities pumping in money include Tanti Holdings Pvt (promoter), Shanghvi Finance and associates.
The board of directors, in a late night meeting on Thursday, approved a proposal for restructuring debt of the company and its certain identified subsidiaries, the company said in its filing with the BSE. Suzlon’s stock closed 5.9 per cent lower at Rs 2.69 per share on the BSE on Friday.
