Last week, JPL sought the bankruptcy court's approval to participate in the sale process of Lanco Amarkantak. On Friday, the Amaravati benc...

JPL has filed a petition with the Amaravati bench of the National Company Law Tribunal for approval to join the auction process of Lanco Am...

The RP invited lenders to vote on whether to consider Adani's unsolicited offer since he has already filed an application with the NCLT. In...

KPMG-backed resolution professional (RP) Saurabh Kumar Tikmani will also seek direction on withdrawing the Power Finance Corporation-led co...

Adani 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'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...

Dipam, which is in charge of state invested assets, is not comfortable with PFC and REC acquiring the power project through a joint venture...

The 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...

Lenders to the thermal power company undergoing corporate insolvency had invited three resolution applicants - Adani Power, Reliance Indust...

Lenders of Lanco Amarkantak had passed a resolution to hold the auction on Friday (November 25) among the three resolution applicants - Rel...

This 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...

The RP restarted the sale process of Lanco Amarkantak in January, soon after lenders rejected a binding bid from Vedanta Ltd, which had off...

Vedanta and iLabs Group were the only two bidders under the Insolvency and Bankruptcy Code (IBC) provisions for the stressed thermal power ...

Adani Group and Vedanta are conducting due diligence to acquire Lanco’s Amarkantak power plant in Chhattisgarh. The power plant has 600 MW ...

Last August, Gautam Adani had outsmarted Sajjan Jindal at the last minute to buy Lanco’s flagship imported coal-fired project.

Lanco 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 is believed to be seeking Rs 2,200-2,400 cr as equity valuation for 100% stake in the imported coal-fired power plant.