Suzlon default FCCB - A blessing in disguise.

This is a good development for business. Now the company will be able to focus its resources in creating value in the business instead of paying it to unsecured lenders.

Pune, Maharashtra, October 11, 2012 /India PRwire/ -- This is a good development for business. Now the company will be able to focus its resources in creating value in the business instead of paying it to unsecured lenders.

Even when Suzlon paid the first FCCB in July without any holdbacks there was concern that maybe it would've been better to instead put that money back into the business which would've created better value. Though the company showed great commitment in paying the bond holders.

It is actually good news for Suzlon vendors, employees and customers. Everyone knows that there is great value in the Suzlon business. They also have a great order book. But the business was suffering because of the debt payouts. This will allow the company to put money in the business and honors commitments to employee's vendors and customers.

Suzlon primary lenders and banks are completely aligned with the company and totally support their strategy of Funding business at this time that is the best news.

This will result in a stronger business and company in the long run.

As long as the company can create value in the business capital structures will work out.

The company was right to not pay now and ask for an extension. The bond holders have acted Irresponsibly.

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Suzlon Energy recent press release(s)


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For raising money Suzlon does not need to sell Repower

Raising 5,000 Cr is not the condition for CDR. As part of process the company has to raise 5,000 Cr in 3 years and 3 months time , i.e by March 2016. Suzlon don't have to raise this money now.

Suzlon FFCB default : Wisdom prevails.

Now as we see it, the money will be invested in creating value of its business operations which will enhance the profits of the company thereby generating smiles to the vendors, employees and financial lenders.

Suzlon is one of the few companies who have honored their FCCB commitments in recent times.

Not just one but 11 banks show confidence in Suzlon with SBI leading the way! Way to go Suzlon. Suzlon is one of the few companies who have honored their FCCB commitments in recent times. That is very commendable. While everyone was spreading rumors they have done what they have committee.