Shares Of Suzlon Energy Wiped Off As Much As 9 Percent Intraday

Shares of Suzlon Energy wiped off as much as 9 percent intraday after the company failed to furnish the principal amount on the outstanding bonds worth $172 million.

According to Suzlon's exchange disclosures, the outstanding payment was part of a total bond issuance of $546.91 million.

The stressed wind turbine maker added that it is working on a holistic solution for its debt and continues to be in discussions with various stakeholders in relation to its outstanding debt.

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