The banks have asked the Ahmedabad-based asset reconstruction company, CFM ARC, which is under the Income Tax & RBI scanner for alleged malpractices and business misconduct, to explain the source of funds or how it plans to finance the proposed acquisition of VIPL. VIPL has 600 MW power generation units in Butibori, Nagpur.Acco
Reliance Power has made a Rs 1,200 crore one-time settlement (OTS) offer to the lenders of its subsidiary, Vidarbha Industries Power Ltd (VIPL), to settle the debt.
Reliance Power has made a Rs 1,200 crore one-time settlement (OTS) offer to the lenders of its subsidiary, Vidarbha Industries Power Ltd (VIPL), to settle the debt.
Reliance Power has made a Rs 1,200 crore one-time settlement (OTS) offer to the lenders of its subsidiary, Vidarbha Industries Power Ltd (VIPL), to settle the debt.Reliance Power has offered to pay Rs 1,200 crore in upfront cash to the lenders .