Suzlon told the Mumbai stock exchange it had secured thego-ahead from investors for the CDR proposal and an increase in the company’sshare capital.
Suzlon announced in January that it had reached a deal withits key domestic lenders under India’s CDR regulations.
The $1.8bn package includes a payment moratorium and lowerinterest rates.
Announcing the shareholder ballot in March,Suzlon’s finance chief Kirti Vagadi described the measures as “a key steptowards improving the financial health of the company”.
