Race for JP Power: Canada’s Brookfield emerges as frontrunner
Canada’s Brookfield Asset Management and Resurgent Power has emerged as front-runner for JP Power stake sale, sources tell ET Now. Other serious contender left in fray for the mega deal is JSW Group. Brookfield had bid for debt-ridden Jaiprakash Power Ventures, which its lenders have put on the block under the strategic debt restructuring mechanism.
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