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
Total income of the company from operations also slipped to Rs 5,074.64 crore in 2018-19 from Rs 8,195.37 in the previous fiscal.
In 2015, Shanghvi bought 23 percent stake in Suzlon for Rs 18 billion, helping the company to return to profitability after it became India’s largest convertible-bond defaulter in 2012.
At 1511 hrs, Suzlon Energy was quoting Rs 6.53, down 1.8 percent on the BSE.
The company's total income in the quarter came down to Rs 1,112.34 crore from Rs 2,220.25 crore a year ago.
The company had reported a net profit of Rs 79.68 crore in the corresponding quarter last fiscal.
KR Choksey bullish on Suzlon Energy has recommended buy rating on the stock with a target price of Rs 15.8 in its research report dated August 07, 2018.
A majority of public shareholders voted against special resolutions to raise Rs 2,000 crore through an issue of equity shares and Rs 900 crore through non-convertible debentures or non-equity linked instruments, according to a regulatory fling by the company.
Having gone through a debt restructuring, the Tulsi Tanti-founded company brought down its debt significantly, by divesting part of Its international operations.
KR Choksey is bullish on Suzlon Energy has recommended buy rating on the stock with a target price of Rs 15 in its research report dated July 02, 2018.
Suzlon's board is meeting on May 30 to "consider and approve" issuance of "redeemable non-convertible debentures/non-equity linked instruments in one or more tranches to an extent of Rs 900 crore on a private placement basis for replacement of existing debt."
A total fine of Rs 1.1 crore, including Rs 5 lakh on an official, has been imposed as the company failed to disclose price sensitive information as required under the listing regulations on "more than one occasion".
Renewable solution provider Suzlon said today that it has commissioned 626 MW of wind power projects in 2017-18 (FY18), the highest installations by any player during this fiscal.
Suzlon will execute the entire project on a turnkey basis and will also provide comprehensive operation and maintenance services for the complete project lifecycle.
The market breadth was in favour of the declines with 677 stocks advancing while 1039 declined and 302 remained unchanged. On the other hand, in the BSE, 989 stocks advanced and 1634 declined and 149 remained unchanged.
The market breadth was in favour of the declines on Monday morning with 120 stocks advancing while 1532 stocks declined and 382 stocks remained unchanged. On the BSE, 266 stocks advanced while 1960 stocks declined and 79 remained unchanged.
The market breadth was in favour of the advances on Wednesday morning with 960 stocks advancing as against 649 declines while 389 remained unchanged. On the other hand, 1357 stocks advanced and 868 stocks declined while 89 remained unchanged on the BSE.
"Suzlon along with its associates, under the guidance from National Institute of Ocean Technology and approvals through National Institute of Wind Energy has installed their first operational offshore LiDAR (Light Detection And Ranging) based wind measurement station in the Arabian Sea," Suzlon said in a BSE filing.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell HCC, Suzlon Energy, BHEL and PNB and buy Century Textiles.