Lanco unit lenders to consider improved Adani Power offer

Lenders of Lanco Amarkantak Power are considering an improved offer from Adani Power, as the revised bid of Rs 3,650 crore surpasses the previous lender-approved plan and Adani's earlier offer. In January, lenders approved a Rs 3,020 crore plan from a consortium led by Power Finance Corporation (PFC), and Adani Power had initially offered Rs 2,950 crore.

Related Keywords

Saurabh Kumar Tikmani ,Edelweiss Asset Reconstruction Company ,National Company Law Tribunal ,Reliance Industries ,Power Finance Corporation ,Lanco Amarkantak Power ,Adani Power ,Power Finance ,Asset Reconstruction Company ,Bankruptcy Code ,Edelweiss ,Rec ,Lanco Power ,Lanco Amarkantak Power Bidding ,Lanco ,