About
20
Indian
banks
will
give
Suzlon
a
two-year
repayment
holiday,
followed
by
an
extended
period
of
eight
years
to
settle
the
loans
at
a
lower
rate,
Recharge
understands.
Reports
of
the
arrangement
sent
Suzlon’s
shares
10%
higher
at
close
of
trading
in
Mumbai
earlier
today.
Last
month
it
announced
plans
to
enter
talks
with
senior
secured-lenders
under
India’s
CDR
(corporate
debt
restructuring)
mechanism.
However,
analysts
cautioned
that
the
deal
is
a
reprieve,
rather
than
a
solution,
for
the
heavily-indebted
wind
equipment
group,
which
has
been
under
huge
financial
pressure
all
this…
