The watchdog has requested BSE to nominate a forensic auditor to look at the books of accounts of the corporate for the interval from April 1, 2019 to December 31, 2020, as per a Sebi order
Valuation of deal estimated to be Rs 7,500 crore; talks also on with Singapore-based Sembcorp Industries
Hurt by unusually low wind in Brazil, Terraform Global expects first-quarter revenue of $47 million to $52 million
Trouble in the US-based energy company has already triggered "a whirlwind of merger and acquisition activity, with more undoubtedly to follow"
Earlier this month, reports had surfaced that the Adani group is in talks with SunEdison to acquire the latter's Indian assets
The US renewable energy company filed for bankruptcy protection on Thursday
Plans to use bankruptcy to reduce debt, shed non-core operations and get the most value out of its tech and IP
Becomes one of the largest non-financial companies to do so in the past 10 years.
The company, which had debt of about $12 billion as of September 30, said on Friday that it was in talks for potential DIP financing
The solar energy firm needs about $310 mn to continue in operation as it estimates a cash shortfall of $260 mn in June.
It has around 600 Mw of projects constructed, financed in India, with plans to build another 1,700 Mw in the coming year
. Its exit is unlikely to impact the market too much as there are other American and Chinese players waiting to step into the gap.
Another of SunEdison's Indian ventures, a 500 megawatt solar plant that is one of the country's biggest forays into renewable energy, has not yet broken ground
SunEdison's growth-at-all-costs strategy is a key reason for its rapid fall
US solar energy company SunEdison Inc , whose aggressive acquisition strategy has saddled it with almost $12 billion of debt, is at "substantial risk" of bankruptcy, one of its two publicly listed units warned on Tuesday.A bankruptcy would rank among the largest involving a non-financial company in the past 10 years, according to bankruptcy data.com. SunEdison declined to comment.SunEdison's shares - already reeling from a Wall Street Journal report on Monday that the company was being investigated for overstating its cash position - fell as much as 60 per cent to a record low of 50 cents.TerraForm Global Inc, one of two SunEdison "yieldcos", said in a regulatory filing that it would join its parent and fellow yieldco TerraForm Power Inc in delaying its annual report for the year ended December 31. However, the company said it did not rely substantially on SunEdison for funding or liquidity and that it would have sufficient liquidity to support its operations even if its parent sought
Portfolio sale to Macquarie Capital off; Tata, Adani in talks