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RESOLUTION OF MEENAKSHI ENERGY
Vedanta shares in focus as co emerges as highest bidder for Jaiprakash AssociatesVedanta Share Price: Vedanta emerged as the highest bidder for debt-laden Jaiprakash Associates with an NPV offer of Rs 12,505 crore. The p...- Jaiprakash Associates bid: Vedanta offers Rs 4,000 cr upfront payment, rest over 5-6 yearsVedanta Ltd has emerged as the highest bidder for debt-ridden Jaiprakash Associates Ltd (JAIL), offering a net present value of Rs 12,505 c...
- 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...
- Punjab & Sind Bank aims at Rs 500 cr recovery from NPAs in Q4: MDThe bank will soon start the process of appointing merchant banks and take opinions about market conditions, he said, adding the bank would...
- 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...
- With an ₹860 crore VOVL bid, NARCL eyes the single-largest debt buyout by any ARCNARCL's offer has an 15:85 structure - 15% of the consideration will be upfront cash while the balance will be in security receipts (SRs) p...
- NARCL improves offer for Meenakshi Energy to Rs 1,003 croreThe revised offer from the government-promoted NARCL, made last week, follows a request from the lenders to the company and is 11% higher 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 ...
- NCLAT dismisses Siemens' plea against encashment of its guarantee in Meenakshi EnergyThe appellate tribunal has upheld the earlier order of the Hyderabad bench of the National Company Law Tribunal (NCLT) in this regard and n...
- Arena Investors and Varde Partners are preparing to submit a plan for SreiAt a meeting of the committee of creditors held on Wednesday, most lenders voted to extend the deadline for receiving resolution plans to A...
- SKS Power's dormant plant restarts operations under NTPCThe plant stopped production earlier this year after Hong Kong listed owner Agritrade Resources failed to keep the plant running due to fin...
- Srei group transaction auditor reports about Rs 3,025 cr-fraudThe Srei group companies, which are undergoing corporate insolvency resolution process, came under duress during the Coronavirus-induced lo...
- 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...
- PSU banks agree to back stressed power companiesDetails on funding distressed power projects were discussed at a meeting of senior bank executives at SBI headquarters last week.
- Power Minister RK Singh to meet states, lenders on reviving stressed plantsIndustry sources say peak demand is expected to rise further to 220-GW in May compared to approximately 215-GW in April. The maximum demand...
- Loans of Jaypee Infra, VOVL and GTL among 15 that may be sold to bad bankVideocon Industries affiliate VOVL Ltd, real estate company Jaypee Infratech, telecom infrastructure provider GTL Ltd, Visa Steel and Meena...
- Banks may refer GMR, Prayagraj, SKS, 8 other power companies to NCLTThe other companies are SKS Ispat Power, Meenakshi Energy, Athena Chhattisgarh Power Jhabua Power, KSK Mahanandi, Coastal Energen and Jinda...
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