SUZLON ENERGY LTD. - Updates
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| 18 Jun 2014 | |
| Suzlon Energy Ltd has informed BSE that the Company had, pursuant to a resolution passed by its Board of Directors on May 03, 2014, issued separate notices each dated May 06, 2014 convening meetings of the holders of the 0% October 2012 Bonds, the 7.5% October 2012 Bonds, the 0% July 2014 Bonds and the 5% April 2016 Bonds to consider the proposed restructuring of the Existing Bonds. The meetings of the holders of the Existing Bonds are proposed to be held on July 09, 2014. In furtherance to the same, the Company has issued a consent solicitation memorandum and an information memorandum each dated June 17, 2014, providing further information in relation to the commercial terms of the proposed restructuring of the Existing Bonds, including the terms and conditions of the new foreign currency convertible bonds (the "Restructured Bonds").<br/><br/>The Company has received approval of the Corporate Debt Restructuring Empowered Group for the restructuring proposal and has also received approval of the Reserve Bank of India, subject to specified conditions. The restructuring proposal, including the terms of the Restructured Bonds, is subject to the approval by the requisite majority of the holders of the Existing Bonds in each series. | |
| View all announcements for SUZLON ENERGY LTD. | Source: BSE India |
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