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Adani Power shares rise 3% after completing acquisition of Vidarbha Industries PowerAdani Power shares: VIPL runs a 2×300 MW coal-based power plant in Butibori, located in Maharashtra’s Nagpur district. The company was unde...- Adani Power completes acquisition of 600 MW Vidarbha PowerAdani Power successfully acquired Vidarbha Industries Power Ltd. (VIPL) for ₹4,000 crore, adding a 2x300 MW power plant to its portfolio. T...
- Adani Power's proposal to acquire Vidarbha Industries Power’s approved by NCLTAdani Power will acquire Vidarbha Industries Power Limited. The National Company Law Tribunal approved the acquisition. Secured creditors h...
- Adani Power rises 3% after securing approval to acquire former Anil Ambani-owned power firmAdani Power’s stock has fallen 12.26% over the past year and 24.32% in the last six months. However, the shares have bounced back with a 14...
- Adani Power gets letter of intent to acquire Vidarbha Industries PowerAdani Power has been given the green light by the committee of creditors to acquire Vidarbha Industries Power Ltd, which operates a 600 MW ...
- Vidarbha Industries Power dragged to NCLT by CFM Asset over Rs 3,800 crore unpaid duesCFM Asset Reconstruction Pvt Ltd has taken Vidarbha Industries Power Ltd (VIPL) to the National Company Law Tribunal (NCLT) for unpaid dues...
- Reliance Power shares hit 5% upper circuit for 6th straight day, reach fresh 52-week high. Here's whyReliance Power Share Price: Reliance Power shares hit a new 52-week high, reaching Rs 42.06 on the BSE after the board approved issuing up ...
- Reliance Power shares surge 5% as board approves Rs 1,525 crore preferential issueR Power share Price: The proceeds from the preferential issue will be utilised to expand business operations directly and/or through invest...
- Reliance Power shares hit 5% upper circuit to fresh high ahead of board meetingReliance Power Share Price: CFM became the sole creditor of VIPL after it acquired loans from lenders at Rs 1,265 crore in an all-cash deal...
- Reliance Power, Reliance Infrastructure shares rise up to 7.5%; what’s driving the gains?Reliance Power has announced the settlement of obligations amounting to Rs 3,872.04 crore concerning the guarantee for lenders VIPL. The co...
- Reliance Power exits Vidarbha power plant after releasing corporate guaranteeReliance Power Ltd, controlled by Anil Ambani, has exited the 600 MW Vidarbha Industries Power Ltd (VIPL) after pledging all its shares to ...
- Reliance Power shares locked in 5% upper circuit on settling Rs 3,900 crore obligationsReliance Power Share Price: Shares of Reliance Power rose 5% today, reaching a high of Rs 32.98, following the announcement of a settlement...
- Reliance Power settles its obligations of Rs 3872 crore as guarantor for Vidarbha Industries PowerReliance Power has also settled all disputes with CFM Asset Reconstruction Private Limited (CFM). 100% shares of VIPL have been pledged in ...
- Lenders appoint SBI Caps as advisor for debt resolution of Reliance Power subsidiaryLenders of Vidarbha Industries Power Ltd (VIPL), a subsidiary of Reliance Power, have appointed SBI Caps as an advisor for its debt resolut...
- Reliance Power offers Rs 1,200 cr to settle debt of Butibori power projectAs per the proposal, the company has offered to pay around Rs 1,200 crore in upfront cash to the lenders which include Axis Bank, SBI, Bank...
- SC order on IBC jolts bankers, lawyersThey said the ruling could deflate an already delayed process under the Insolvency and Bankruptcy Code (IBC) and will most likely be used b...
- NCLT cannot exercise power to initiate insolvency proceedings arbitrarily: Supreme CourtThe top court said if a corporate debtor opposes the initiation of insolvency proceedings on the ground that it has a money award in its fa...
- Adani in early talks to acquire Reliance Power's troubled unitThe talks between billionaire Gautam Adani-led group and Anil Ambani-led Reliance Power are at an early stage, the persons cited earlier to...
- Reliance Power signs inter-creditor agreement with six lendersAfter signing the ICA, the firm has got 180 days for implementation of the debt resolution plan under the existing legal framework.
- APTEL allows fuel cost pass through for its plant: Reliance Power"APTEL judgement provides regulatory clarity & certainty for VIPL," Reliance Power said in a statement.
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