Debt restructuring positive for Suzlon; looks attractive: Anand Tandon

In a chat with ET Now, Anand Tandon, an independent analyst, shares his views on Suzlon Energy and IPO by Inox Wind.

ET Now: Do you have a view on Suzlon? What is your take on INOX's IPO?

Anand Tandon: It is indeed a good news that Suzlon's debt has been restructured. The fact that a wealthy family is backing the company will now mean that you could have a situation where the company can separate the development of projects from the E&P part of it.

Suzlon could thus have a fairly healthy order book which needs not be on its own. One of the problem that Suzlon had was because it was developing its own projects, its balance sheet had become large and unwieldy .
If that were to be getting restructured, as a business, Suzlon is still a very attractive. Like for most IPOs, I have no view on Inox Wind. It is because until and unless the scrip starts trading, it is very difficult to predict how it will behave. A lot of things will depend on how the management looks at minority shareholders.