SBI, 15 others sell over ₹8,000-crore Suzlon loans to REC and IREDA

The loan sale was concluded even as the wind energy company was in the midst of its second bank-led restructuring initiated in 2020. The REC and IREDA-led refinance would extend the tenure of Suzlon's loans and would also bear a lower interest rate than what it was paying banks, multiple people familiar with the contours of the deal said.

from Banking/Finance-Industry-Economic Times https://ift.tt/LlWYuXH