Suzlon Energy: Will Sell Non-Critical Assets To Generate Cash
24 October 2011 - 10:49PM
Dow Jones News
Suzlon Energy Ltd. (532667.BY) will look at selling some of its
non-critical assets in the next few months to generate funds for
leveraging its balance sheet, Kirti Vagadia, Suzlon's group
corporate finance head, said Monday.
The assets are likely to include two component segments and wind
farms, Vagadia said on an investor conference call. However, he
declined to specify the value of the assets.
Suzlon is raising funds through internal accruals and other
means to repay debt that will mature next year.
-By Eric Yep, Dow Jones Newswires; 91-22-6145-6110;
eric.yep@dowjones.com
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