The foreign currency convertible bondholders of Suzlon Energy are meeting on Wednesday to decide on the company’s proposal to restructure its $485 million of debt. That proposal will be put to a vote by each series of bondholders in respective back-to-back meetings at the offices of law firm Linklaters LLP in London. The deal could eliminate a potential threat of liquidation and prod Suzlon toward recovery after four straight years of losses.

(This article was published on July 8, 2014)
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