Arun Shourie x

#Suzlon debt was restructured in 2012 when it registered first biggest FCCB default of the Indian history.

Note that all renewable energy favourable policies were in place, default was despite that.

Then came @[email protected] in 2014 & messed up everything in renewable sector. 1/5

Mar 8, 2020 at 4:16pmWeb
Show threadArun Shourie xMar 8, 2020
Suzlon defaulted again in 2019 and this time it defaulted FCCB as well as Bank loans. Now on @[email protected]'s directives, SBI is restructuring the debt once again, with no management change & expected haircut is 68%! 2/5
Show threadArun Shourie xMar 8, 2020
Lead lender @[email protected] who is managing restructuring process need to answer;
1: Why it defaulted in 2012 despite having conducive business environment?
2: Despite debt restructuring & interest holidays, why it defaulted again in 2019?
3: Why it will not default again? 3/5
Show threadArun Shourie xMar 8, 2020

SEBI & ED has to answer on what investigations conducted names of Tantis & Vagadia popped up in #ParadisePapers

Is everything clean or it hasn't checked at all? 4/5

Web of companies Tanti brought up in tax heavens is explained in detail in this thread
https://twitter.com/FeignShourie/status/1233754242642407424?s=19

Arun Shourie ᶠᵃⁿ on Twitter

“Entity: TH Venture Pte Ltd. Cayman Islands Share Holders: Clossus Holdings Pte. Ltd. Singapore & Reid Services Limited, Cayman Signatories for TH Venture Pte. Ltd. 1) Tulsi R Tanti 2) Girish R Tanti 3) Kirti J Vagadia 1/6 https://t.co/zFEBrNRrLW”

Twitter
Show threadArun Shourie xMar 8, 2020
Auditors and rating agencies too must answer, if they are certain that there is no probability that Suzlon will go bankrupt again? What are there assessments and with what yardsticks? Valid invalid? 5/5