The $1.8bn CDR deal – which was agreed late last year with its keydomestic lenders – includes measures such as a payment moratoriumand lower interest rates.
Suzlon today announcedthe completion of the CDR following the signing of a MasterRestructuring Agreement (MRA) and the issuing of new preference shares to itscreditors.
Group finance chief Kirti Vagadia said Suzlon had reason to be grateful to its lenders for “their confidence inthe company and our business plan by extending incremental working capitalsupport, speedily implementing the package, and participating in equity.
“Ourfocus
