Suzlon Group has received formal approval of its proposal for the restructuring of domestic debt by the Empowered Group of Corporate Debt Restructuring (CDR) Cell. The company's domestic lenders, a consortium of 19 banks has approved CDR package of Rs 9,500 crore / $1.8 billion.
The package includes a two year moratorium on principal and term-debt interest payments; a three per cent reduction in interest rates; six month moratorium on working capital Interest; as part of the package Rs 1,500 crore / $270 million (two year's interest payment during moratorium) will be converted into equity / equity linked instrument over the next two years to bring stronger financial stability; and a 10 year door-to-door back-ended repayment plan.
The package also includes an enhancement of working capital facilities, by approximately Rs 1,800 crore / $350 million, allowing the company to accelerate the execution of its strong order book.
| Company Name | CMP |
|---|---|
| Havells India | 1255.50 |
| Siemens | 3823.90 |
| Apar Inds | 12808.00 |
| ABB India | 7009.05 |
| Waaree Energies | 3229.35 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: