Suzlon Energy bondholders okay resolution plan for $172 million bonds

Suzlon Energy on Monday received approval from bondholders for a resolution plan for outstanding securities of $172 million, the company said.
 

The company had called a meeting of bondholders on April 6 seeking their nod for resolution of the outstanding $172 million bonds.
 

A regulatory filing said that the bond resolution plan was approved with the requisite majority in the bondholders meeting. The company has given few options to bondholders under the proposed resolution plan seeking hair cut.
 

The total size of the bond issue was $546.91 million. “The company paid the bondholders partly earlier. Now the outstanding amount is