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ADANI LANCO OFFER
Adani Power gets NCLT’s nod to acquire Lanco Amarkantak Power for Rs 4,101 croreAdani Power Ltd's resolution plan to acquire Lanco Amarkantak Power Ltd (LAPL) has been approved by the Hyderabad bench of NCLT. Adani Powe...- Adani Power wins bid for Lanco Amarkantak at ₹4,101 croreLenders had pegged Adani Power's latest offer of ₹4,101 crore as the base price for the auction of the thermal power company. They also sti...
- Jindal Power quits race to acquire Lanco AmarkantakIn a sudden U-turn, Naveen Jindal-promoted Jindal Power has dropped out of the race to acquire Lanco Amarkantak Power. Just last week, the ...
- Jindal Power bids higher than Adani company for Lanco Amarkantak PowerLast week, JPL sought the bankruptcy court's approval to participate in the sale process of Lanco Amarkantak. On Friday, the Amaravati benc...
- Jindal Power may join race to buy Lanco AmarkantakJPL has filed a petition with the Amaravati bench of the National Company Law Tribunal for approval to join the auction process of Lanco Am...
- Adani's ₹4,100-crore offer for Lanco Unit to be the anchor bidThe RP invited lenders to vote on whether to consider Adani's unsolicited offer since he has already filed an application with the NCLT. In...
- Lanco lenders to vote on Adani Power's ₹4,100-crore offerKPMG-backed resolution professional (RP) Saurabh Kumar Tikmani will also seek direction on withdrawing the Power Finance Corporation-led co...
- Adani firm raises offer for Lanco Amarkantak Power for second timeAdani Power had offered Rs 3,650 crore, as reported by ET on November 2. The unsolicited offers are made almost 10-11 months after 95% of l...
- Adani Power refuses to give up on Lanco unit, makes improved offerAdani's new offer comes several months after a majority of lenders voted for a ₹3,020 crore resolution plan from a PFC-led consortium. In J...
- PFC-REC's winning offer for Lanco unit runs into regulatory hurdlesDipam, which is in charge of state invested assets, is not comfortable with PFC and REC acquiring the power project through a joint venture...
- Lenders pick PFC-REC offer for Lanco Amarkantak PowerThe PFC-REC team received 95% of lender votes by value of debt, while Adani Power secured 17%, people cited above told ET. The voting perce...
- Adani, Reliance skip Lanco unit auction citing IBC ruleLenders to the thermal power company undergoing corporate insolvency had invited three resolution applicants - Adani Power, Reliance Indust...
- An epic Ambani versus Adani clash over a Lanco asset has been put off for nowLenders of Lanco Amarkantak had passed a resolution to hold the auction on Friday (November 25) among the three resolution applicants - Rel...
- Reliance Industries, Adani Power set for epic clash at Lanco unit auctionThis is the first time two of the country's largest corporate houses will be vying directly against each other for an asset. A consortium o...
- Reliance, Adani submit bids for Lanco AmarkantakThe RP restarted the sale process of Lanco Amarkantak in January, soon after lenders rejected a binding bid from Vedanta Ltd, which had off...
- Lenders to vote on Vedanta's ₹2,800 crore offer for Lanco unitVedanta and iLabs Group were the only two bidders under the Insolvency and Bankruptcy Code (IBC) provisions for the stressed thermal power ...
- Adani, Vedanta in race to buy Lanco plantAdani Group and Vedanta are conducting due diligence to acquire Lanco’s Amarkantak power plant in Chhattisgarh. The power plant has 600 MW ...
- Adani-Lanco Udupi deal hits deadline roadblockLast August, Gautam Adani had outsmarted Sajjan Jindal at the last minute to buy Lanco’s flagship imported coal-fired project.
- Adani Power buys Lanco Infratech’s Udupi thermal power plantLanco Infratech, which has a market capitalisation of Rs 2,054 cr, said it will receive Rs 2k crore in cash and transfer debt of about Rs 4...
- Lanco Infratech puts Udupi plant on block; company in talks with JSW Energy and Adani PowerLanco is believed to be seeking Rs 2,200-2,400 cr as equity valuation for 100% stake in the imported coal-fired power plant.
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