Suzlon Energy update on debt resolution

SBI approves resolution plan for Suzlon Energy

Suzlon Energy announced that State Bank of India, the lead bank of the consortium of lenders, has, vide its letter dated 20 February 2020, have advised the Company that it has approved the resolution plan of the Company and its certain identified subsidiaries (Resolution Plan) formulated under the Reserve Bank of India (Prudential Framework for Resolution of Stressed Assets) Directions, 2019 issued by Reserve Bank of India vide its circular dated 7 June 2019 subject to certain conditions and observations

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