The consolidated net loss of the company was Rs 397.87 crore in the quarter ended on June 30, 2020 against a net loss of Rs 335.11 crore in the year-ago period.
There were pending sell orders of 10,062,618 shares, with no buyers available.
The consolidated net loss of the company was Rs 294.64 crore in the quarter ended on March 31, 2019, a regulatory filing said.
The Rs 363.5 crore equity infusion is part of the debt restructuring exercise.
Suzlon Energy on Wednesday said its board would decide on April 18 about convening a fresh extraordinary general meeting, which was to be held in the day.
The extraordinary general meeting (EGM) was originally scheduled to be held on March 24, 2020 and was subsequently postponed to April 7, 2020 and was further postponed and rescheduled to April 15.
The company had called a meeting of bondholders on April 6 seeking their nod for resolution of the outstanding USD 172 million bonds.
There were pending buy orders of 726,689 shares, with no sellers available.
Total income from operations declined to Rs 672.99 crore in the quarter ended on December 31, 2019, from Rs 1,112.34 crore a year ago, the company said in a filing to the BSE.
The total financial indebtedness of the company, included short-term and long-term debt, stood at Rs 14,048.28 crore.
The release also noted that the total amount of outstanding borrowings from banks and financial institutions was Rs 12,785.17 crore.
Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 2 points gain or 0.02 percent. The Nifty futures were trading around 12,275-level on the Singaporean Exchange.
"The company is continuously working on a resolution plan with the lenders and has also submitted a restructuring plan, which envisages segregating total debt into sustainable debt and unsustainable debt," Suzlon Energy said in a filing to BSE in response to a clarification sought by the bourse on a news item.
Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 31 points gain or 0.26 percent. The Nifty futures were trading around 11,919-level on the Singaporean Exchange.
The company's total expenses were at Rs 1,551.16 crore as against Rs 1,850.28 crore in the same period of preceding fiscal.
Two international companies had reportedly expressed interest in acquiring a stake in Suzlon Energy, but a deal did not materialise.
The firm's total income dropped to Rs 851.09 crore, compared with Rs 1,289.94 crore a year ago.
The news come after the bondholders threatened the country’s largest wind-turbine maker of legal action after repayment default last month.
As banks are unlikely to take a steep haircut on their Rs 10,300 crore exposure, an informal deal with Brookfield seems to be off the table
More banks with exposure to the wind turbine maker likely to follow suit.Banks have to set aside 15% of their outstanding loans to a non-performing account as provisions
According to Suzlon's exchange disclosures, the outstanding payment was part of a total bond issuance of $546.91 million.
The outstanding principal amount of $172 million was part of a bond issue of $546.91 million.
The stake sale would help the cash-strapped renewable energy company settle its loans if the lenders were to give a waiver