The proposal under discussion with the company’s senior secured lenders foresees a maturity period of ten years under India’s CDR (corporate debt restructuring) mechanism, including a two-year moratorium on principal and interest payments on term-debt, Suzlon says.
The company has also suspended its previously-given guidance for the current financial year, becasue “liquidity constraints over the first half of the fiscal [year], a volatile market environment and the time-line of the CDR process will continue to impact performance".
Suzlon’s
