Two international companies had reportedly expressed interest in acquiring a stake in Suzlon Energy, but a deal did not materialise.
Two international companies had expressed interest in acquiring a stake in the wind turbine maker but a deal did not materialise, the report said.
Moneycontrol could not independently verify the report.
A settlement plan backed by Danish firm Vestas Wind Systems fell through, according to a Bloomberg report.
Canadian investor Brookefield had also considered purchasing a majority stake but the talks failed due to differences over valuation.Not all bankers are in favour of the proposed restructuring, sources told the publication. Even after the haircut, Suzlon Energy might not be able to repay the loans immediately.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.