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 | ||
612.4 INR | +2.74% | +2.61% | +16.62% |
Apr. 13 | India asks companies to fire-up power plants to meet rising electricity demand | RE |
Apr. 13 | India extends operation of imported coal-based power plants until Oct 15 | RE |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
2,934 INR | +0.13% | -0.87% | 238B | ||
612.4 INR | +2.74% | +2.61% | 28.3B | ||
441.6 INR | +6.27% | +9.20% | 17.46B | ||
Quarterly revenue - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+16.62% | 28.3B | |
+16.73% | 42.19B | |
+21.62% | 16.51B | |
+24.68% | 11.99B | |
+23.34% | 8.89B | |
+26.02% | 6.38B | |
+56.25% | 5.88B | |
+36.17% | 5.19B | |
-4.32% | 4.03B | |
0.00% | 3.72B |
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- Jindal Power Quits Race to Acquire Lanco Amarkantak