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What went wrong with Suzlon Energy?
Mon, Jul 16, 2012 at 16:51
Suzlon had raised funds via FCCBs to acquire REpower. But now its shares are at over 70% discount to the conversion price of FCCBs, so it has no choice but to repay the bond holders. But for that it will need to raise more funds. However, it has loan repayments of around Rs 3,700 crore due in the current financial year, including FCCB payments.