Suzlon may get power from CDR deal

Suzlon Energy will be in focus as the company made a preferential allotment of 7.1 crore shares to its lenders at ₹18.51 a share. This price is almost double that of the current market price of ₹9.75. The shares will, however, have a lock-in period of one year. The move was part of the corporate debt restructuring exercise entered into between the company and its lenders, a consortium of 19 banks. The CDR package was approved in January 2013.