Mumbai : Debt-laden Suzlon Energy said it defaulted on a $172-million bond payment on Tuesday, as sources aware of the matter said the wind power equipment maker was in talks with several global private equity funds to sell a majority stake. The company’s creditors, led by SBI, last week signed a so-called inter-creditor agreement (ICA) under which they had agreed not to take the company to a bankruptcy court. Instead, they are studying a one-time settlement plan offered by the company, said the sources, who asked not to be named as they were not authorised to discuss the matter publicly. It was not immediately known whether the ICA included the company’s bondholders or not. The western India-based company said it had not paid $172 million on an outstanding foreign currency convertible bond (FCCB) that was due on Tuesday. “The company is working on a holistic solution for its debt and continues to be in discussions with various stakeholders in relation to its outstanding debt (including the bonds),” it said in a statement. Its shares fell more than 3% to close at Rs 4.6 on Tuesday on the BSE. SBI‘s creditors “have sent feelers to all major private equity firms and are talking to some similar sized private equity firms such as Brookfield”, said one of the sources, a Mumbai-based banker. He said these included a US-based private equity major, but refused to identify the firm. SBI and Suzlon did not immediately respond to emails seeking comment. Bloomberg reported last Thursday that Canadian company Brookfield Asset Management planned an offer for a majority stake in Suzlon and was talking to the firm’s creditors to restructure its outstanding bank loans. Suzlon is struggling with debt of over Rs 11,000 crore ($1.6 billion).