The transaction is scheduled to conclude by mid-May after completion of due diligence and requisite approvals, said an official statement from Suzlon, which is the world's fifth largest wind turbine maker. Speaking on the development, Mr Kirti Vagadia, Chief Financial Officer, Suzlon Group, said: 'We are divesting in certain non?core assets and are set to raise approximately $40 million as per our plan outlined in February this year. This is a modest but important step forward in our strategy to optimise our capital structure and meet our repayment obligations in this year." "In addition to divesting these non-core assets, we believe our consistently improving business performance and outlook, particularly our strong revenue visibility for FY13, puts us in strong position as we begin the new fiscal." FCCB Deadline Market-men said that the deadline for FCCB redemptions was fast approaching. The company, however, refused to divulge the exact due amount.