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 | ||
591.6 INR | -0.13% | -0.50% | +12.65% |
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.
| ||
---|---|---|---|---|---|
2,905 INR | -0.51% | -1.20% | 221B | ||
591.6 INR | -0.13% | -0.50% | 27.36B | ||
406.2 INR | -0.22% | +1.88% | 16.07B | ||
Quarterly revenue - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+12.65% | 27.36B | |
+14.41% | 41.39B | |
+17.68% | 15.95B | |
+25.58% | 12.07B | |
+21.90% | 8.9B | |
+22.76% | 6.41B | |
+56.88% | 5.9B | |
+33.57% | 5.08B | |
-1.01% | 4.17B | |
0.00% | 3.72B |
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- Jindal Power Quits Race to Acquire Lanco Amarkantak