The loan sale was concluded even as the wind energy company was in the midst of its second bank-led restructuring initiated in 2020. The REC and IREDA-led refinance would extend the tenure of Suzlon's loans and would also bear a lower interest rate than what it was paying banks, multiple people familiar with the contours of the deal said.source https://economictimes.indiatimes.com/industry/banking/finance/banking/sbi-15-others-sell-over-8000-crore-suzlon-loans-to-rec-and-ireda/articleshow/91971497.cms
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