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LANCO AMARKANTAK RESOLUTION
Multibagger Adani Power’s shares jump over 4%; here's whyAdani Power proposes to acquire 100% share capital and control of Lanco Amarkantak Power, pursuant to the corporate insolvency resolution p...- CCI clears Adani Power’s purchase of Lanco AmarkantakAdani Power proposes to acquire a 100% stake and control of bankrupt Lanco Amarkantak following a corporate insolvency resolution process (...
- 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 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...
- 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...
- Lanco Amarkantak resolution faces delaysThe resolution professional, Saurabh Kumar Tikmani backed by KPMG, invited lenders last week to vote on the resolution plans given by the P...
- 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...
- Power sector lenders weigh takeover of stressed assetsPower sector financiers Power Finance Corporation (PFC) and REC Ltd had earlier discussed the possibility of creation of an asset managemen...
- RIL, Adani Power among companies bidding for Lanco AmarkantakResolution professional Saurabh Kumar Tikmani, backed by KPMG, received 11 expressions of interest in all. Twin Star Tech, an investment ve...
- Lenders reject Rs 2,800-crore Vedanta offer for Lanco unitVedanta's offer had been put to a vote after it was found to be better than a rival offer from iLabs Group. However, its offer failed to ge...
- Vedanta, Hyderabad company bid for Lanco Amarkantak PowerBidders are said to have made offers raging from ₹2,000 crore to ₹3,000 crore each to take over the power plant located in Chhattisgarh, th...
- 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 ...
- NCLT okays start of Lanco Amarkantak bankruptcy processPower co pleaded that proceedings were under RBI norms invalidated by Supreme Court.
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