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MEENAKSHI ENERGY DEBT
Vedanta Aluminium, Oil & Gas and Power shares fall up to 5% on Day 2. What should investors do?Shares of newly demerged Vedanta entities saw a dip post-listing. Investors are now weighing long-term opportunities, with Vedanta Aluminiu...
Vedanta Aluminium vs Vedanta Power: Which can give investors better wealth in Rs 2 lakh crore demerger playVedanta's demerger has created distinct investment opportunities in Vedanta Aluminium Metal and Vedanta Power. Vedanta Aluminium, valued at...
Vedanta listing: How billionaire Anil Agarwal's 'Fantastic 5' unlocked Rs 63,500 crore value with mega demergerVedanta’s long-awaited demerger culminated with the listing of four newly spun-off businesses, triggering a sharp market re-rating and unlo...
Meenakshi Alternates Launches Realty Focused ₹700 crore AIFMeenakshi Group, a Hyderabad-based Realty and Clean Energy Conglomerate has launched its new financial services arm “Meenakshi Alternates (...
Vedanta pays interest to bondholdersVedanta has been paying hefty dividends over the past few quarters as it looks to support parent UK-based Vedanta Resources, which is curre...
Vedanta makes interest payment to bondholders, completes buyout of Meenakshi EnergyThese debentures, with a face value of ₹100,000 each and a quarterly interest payout, were allotted earlier this year, and will mature in M...
NCLT approves Vedanta's bid to acquire Meenakshi EnergyThe Anil Agarwal company offered ₹1,440 crore against admitted claims of ₹4,625 crore, equating to a 31% recovery, distributed among lender...
Vedanta set to acquire Meenakshi Energy for Rs 1,440 croreIn an exchange filing, Vedanta said that Rs 312 crore is set to be paid upfront, while the balance Rs 1,128 crore will be in the form of se...
Vedanta's Rs 1,143-cr offer highest for Meenakshi EnergyThe resolution professional set a threshold price of ₹1,143 crore - the price at which Vedanta submitted a bid. JPSL had previously offered...
Arcil shows interest in joining the race for Meenakshi EnergyNARCL had offered ₹1,003 crore to purchase the debt last month. If Arcil follows its interest with a serious bid, then NARCL will still hav...
NARCL offer for Meenakshi Energy and Helios Photo triggers Swiss Challenge auctionLast month NARCL accelerated the pace of its activities after struggling for over a year to acquire bad loans. It has offered to buy six lo...
NARCL to make its first acquisition in Jaypee InfratechLenders expect to close the transaction by the first week of November. It will involve NARCL acquiring ₹9,234 crore of stressed loans. In t...
NARCL offers ₹900 crore for Meenakshi Energy debtThe thermal power company promoted by Hemant Kanoria and his family entered corporate insolvency in November 2019. Resolution professional ...
SBI keen to sell stressed power, other loansInordinate delays in debt resolution of the distressed companies in bankruptcy courts and a nudge from the government to provide additional...
India Power to buy Meenakshi Energy from French major EngieIndia Power would fund the purchase with internal reserves, chairman Hemant Kanoria said. The Engie Group is exiting thermal power operatio...
JSW Group eyes Jaypee's power assetsJSW chief's younger sibling Naveen Jindal has a bigger power portfolio with his group working on 18,000 MW projects.
Singapore’s Sembcorp may acquire Gayatri’s 45% stake in NCC PowerRegulatory hurdles in the Indian energy sector have forced Singapore’s Sembcorp to drop plans to buy the 55 per cent stake of NCC in NCC Po...
GDF Suez acquires 74 per cent stakes in Meenakshi EnergyFrench energy major GDF Suez said it picked up 74 per cent stake in Meenakshi Energy and Infrastructure Holdings Pvt Ltd..
France's GDF set to make India power sector debut with Rs 650 crore buyGDF Suez – which is part owned by the French government – will buy a 74% stake in the 1000 MW coastal thermal plant from Meenakshi for arou...
GDF Suez eyes Hyderabad power plant, marks return of foreign interest in power sectorFrench energy giant GDF Suez is close to buying a power plant owned by a little-known Hyderabad-based company.