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Suzlon repays acquisition-related debt

Published: Friday, Dec 18, 2009, 12:43 IST
Place: Mumbai | Agency: Reuters

Wind turbine maker Suzlon Energy said on Friday it has repaid loans taken to fund acquisitions and reduced overall debt by $350 million.

Suzlon said the $780 million debt had been repaid through the proceeds from a 35% stake sale in Belgium's Hansen Transmissions and a new five-year dollar-denominated loan of $465 million from State Bank of India.

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