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Shares of Suzlon Energy Limited fell as much as 8.6 per cent to Rs 4.35, marking their biggest intraday percentage loss since June 28.
The debt-laden wind power equipment maker defaulted on a $172 million bond payment on Tuesday. Sources said that the company was in talks with several global private equity funds to sell a majority stake.
Earlier, it was reported that Canadian company Brookfield Asset Management Inc planned an offer for a majority stake in Suzlon and was talking to the firm's creditors to restructure its outstanding bank loans.
Read:Choppy winds: Suzlon defaults on ₹1,169-crore bond payment
About 2.9 million shares change hands in early trade.
Up to the last close, Suzlon shares were down 14 per cent this year.
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