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RATTANINDIA POWER DEBT
Aditya Birla ARC delivers 40% IRR amidst stressed asset recoveryAditya Birla ARC, a joint venture, provided a 40% return to its investors. This is the highest among Indian asset reconstruction companies....- Entry into renewables could be a natural extension for RattanIndia: Rajiv RattanRajiv Rattan, Founder & Chairman of RattanIndia, discusses the company's potential expansion into renewables fueled by cash flow from the p...
- Sinnar Thermal to undergo IBC process as NCLAT vacates staySinnar Thermal Power (STPL) is a subsidiary of the listed company RattanIndia Power, one of the largest distressed power producers, which h...
- Private credit funds turn innovative to deliver high returnsFunds are adopting innovative strategies to meet investor demands for higher returns, especially in credit funds, where investments are str...
- RattanIndia Power shares jump 19% after company secures debt refinancingRattanIndia Power’s shares jumped 19% on Monday as the company announced that it has refinanced its senior debt with a Rs 1,114 crore loan ...
- Kotak Credit Funds invest Rs 732 crore in RattanIndia PowerKotak Strategic Situations India Fund II and Kotak Private Credit Fund have jointly invested INR 732 crore ($107m) in non-convertible deben...
- Kotak Credit Funds invest Rs 732 crore in RattanIndia PowerKotak Strategic Situations India Fund II (KSSF II) and Kotak Private Credit Fund (KPCF), managed by Kotak Investment Advisors Limited (KIAL...
- RattanIndia Power looks to refinance costly debtKotak Mahindra Bank will provide a ₹1,200 crore term loan at 16-17%, which will be used to repay debt raised from Goldman and Varde at 21%,...
- RattanIndia Power expects to become debt-free in 2 yearsThe company is regularly engaging with lenders of its subsidiary Sinnar Thermal Power Limited for resolution of the project Plant in light ...
- RattanIndia Power Q3 Results: Consolidated net loss widens to Rs 386.69 crThe widening of the consolidated loss in the December quarter was "due to non-operation of Nashik Thermal Power Plant (Sinnar Thermal Power...
- RattanIndia Power pares Rs 1,219 crore debt in last 15 months"During the last 15 months, RPL has repaid the debt of Rs. 1,219 crore to lenders, including Rs 200 crores as prepayment, even in the face ...
- RattanIndia posts Rs 2,107 crore Q3 profit on debt restructuringThe company’s EBITDA stood at Rs 3,299 crore for nine-month period from April till December 2019.
- UCO Bank recovers Rs 900 crore from debt resolution under NCLTUCO Managing Director AK Goel said that recovery from four accounts, namely Ruchi Soya, Essar Steel, RattanIndia Power and Prayagraj Power,...
- Adani, NTPC in fray to acquire Avantha’s stressed power plantThis is the first time NTPC, the country’s largest power producer, has bid for any stressed project, while Gautam Adani-led Adani Power is ...
- RattanIndia Power board approves issuance of securities to lenders, promoters to pare debtThe lenders would be issued 80,57,24,169 equity shares of face value Rs 10 each of the company.
- RattanIndia closer to debt resolution, set to revive Maharashtra power plantShares ended at Rs 1.53 a piece on BSE, down 3.16 per cent on Wednesday.
- Goldman Sachs and SSG in talks to buy RattanIndia bad loansIn September last year, state-run Power Finance Corp filed an insolvency plea against RattanIndia Power, formerly known as Indiabulls Power...
- Banks may not take a decision on stressed power plants by October 15In most resolution proceedings, banks have finalised the bidders but could not finalise deals due to resistance from 15-20% lenders.
- Relief for 2 power projects; Madras HC stays insolvency proceedingsSeveral other stressed power companies may now approach Supreme Court seeking more time to resolve bad loans.
- Power companies move HC to get more time to settle with lendersThe high court had in its Aug 27 judgment said any individual having urgency can approach the court with material facts.
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