Unit of Suzlon for Euro 850 million in working capital. gains in stocks

Unit of Suzlon for Euro 850 million in working capital. gains in stock - Economic TimesYou are here: Homepage > Collections > unit of theConsortiumSuzlon for Euro 850 million in working capital. stock gainsECONOMICTIMES.COM April 9, 2014, 10:28 ISTEnergy| Tags: SuzlonShares|Senvion type|NSE|net worth|Insurability|Deutsche Bank|BSE(sa is a wholly...)

MUMBAI: Suzlon Energy shares jumped higher in trade after that its based in Germany a subsidiary that is-subsidiary Senvion has signed an agreement with a consortium of banks for plants bearing syndicated 850 million euros for the period of 3 years.

The consortium of banks headed by BayernLB, Commerzbank Aktiengesellschaft and Deutsche Bank AG.

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This enables to move SE Senvion to secure follow-on financing at the beginning for the credit facility of EUR 750 million decided in may 2012 through August 2014.

"This facility improved with long tenure is important for the growth of the company and the over-subscription of even with the new additions to the consortium clearly reflects the strong confidence of the fundamental global banks of the business of the company" Marcus Wassenberg, Director financial of Senvion said.

09:25, the stock was at Rs 14.78, accounted for 5.87% on the BSE. He hit a maximum of Rs 14.90 and a minimum of 14.50 Rs commercially today.

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