In a sudden U-turn, Naveen Jindal-promoted Jindal Power Limited has dropped out of the race to acquire Lanco Amarkantak Power Limited. Just last week, the company had topped an offer by Adani Power Limited (NSEI:ADANIPOWER) for the distressed thermal power company undergoing corporate insolvency proceedings. Following this development, only three bidders - Adani Power Limited (NSEI:ADANIPOWER), Reliance Industries Limited (NSEI:RELIANCE) and Power Finance Corporation Limited (NSEI:PFC) - led consortium - will participate in the proposed auction process.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
715.7 INR | -0.58% |
|
-3.72% | +36.28% |
25/06 | Adani CFO calls some regulator notices group received 'trivial' | RE |
24/06 | India's Adani Group 'well positioned' to capitalise on country's infra spending, chairman says | RE |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
3,061 INR | +1.09% | +3.86% | 25TCr | ||
715.7 INR | -0.58% | -3.72% | 3.32TCr | ||
479.8 INR | -0.06% | -0.33% | 1.9TCr | ||
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+36.28% | 3.32TCr | |
+35.43% | 1.82TCr | |
+49.30% | 1.49TCr | |
+30.55% | 885.31Cr | |
+72.58% | 670.06Cr | |
+30.89% | 632.4Cr | |
+37.12% | 525.89Cr | |
-4.16% | 401.09Cr | |
+35.67% | 397.9Cr | |
+4.70% | 374.75Cr |
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- Jindal Power Quits Race to Acquire Lanco Amarkantak