Suzlon’s Auditor Bets on Potential Investor to Keep It Going
- Loan defaults, losses indicate liquidity stress, auditor says
- Suzlon Energy posts first-quarter loss of 3.35 billion rupees
Photographer: Dhiraj Singh/Bloomberg
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An offer from a potential investor is critical for Indian wind turbine maker Suzlon Energy Ltd. to repay lenders and continue as a going concern, its auditor Deloitte Haskins & Sells LLP said in a review report Wednesday.
The offer envisages infusion of additional equity in Suzlon and a waiver of some of the amount due to lenders and bond holders. Based on that, a one-time settlement has been proposed to lenders, the auditor said.