|Bid||2.9900 x 0|
|Ask||3.0000 x 0|
|Day's range||2.9300 - 3.0100|
|52-week range||1.6500 - 6.2600|
|Beta (5Y monthly)||0.69|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||19.00|
On Tuesday, Suzlon defaulted on principal payments due on foreign currency convertible bonds worth $172 million. The company owes banks Rs 9,624 crore as on March 31, 2019.
Suzlon Energy Ltd on Tuesday said that it has failed to make a payment of principal amount of $172 million in foreign currency convertible bonds (FCCBs) to its bondholders. The payment was due on 16 July. In its stock exchange filing,
In a notification to the stock exchanges, Suzlon Energy said, This is to inform you that the company has not made the payment of the principal amount of the outstanding bonds, being $172,000,000, which was due on July 16, 2019, in accordance with the terms and conditions of the bonds.
India's debt-laden Suzlon Energy said it defaulted on a $172 million bond payment on Tuesday, as sources aware of the matter said the wind power equipment maker was in talks with several global private equity funds to sell a majority stake. The company's creditors, led by India's biggest lenders State Bank of India, last week signed a so-called inter-creditor agreement (ICA) under which they had agreed not to take the company to a bankruptcy court. The western India-based company said it had not paid $172 million on an outstanding foreign currency convertible bond (FCCB) that was due on Tuesday.