The consortium of KCR Enterprise LLP and Sri City Pvt Ltd agreed to acquire Sai Wardha Power Generation Limited from KSK Energy Ventures Limited (BSE:532997) on November 6, 2019. As on November 2018, Sai Wardha Power Generation Limited had total outstanding debt as INR 33.5 billion. The transaction is subject to approval of creditors, lendors and National Company Law Tribunal and same has been received on November 6, 2019. Ernst & Young Merchant Banking Services and Duff and Phelps India as valuers.