New Delhi, Sept 17: Resurgent Power Ventures on Saturday said that it has completed the acquisition of South East UP Power Transmission Company through an insolvency process. As per the resolution plan, the transaction entailed payment for one-time settlement of outstanding debt and purchase of equity shares for a consideration of Rs 3,251 crore and payout of existing cash balance of SEUPPTCL. The transaction has been funded through a mix of shareholder funds brought in by Resurgent Power and loans […]
Get latest articles and stories on Latest News at LatestLY. Tata Power on Wednesday said its Singapore-based JV Resurgent Power Ventures has won the bid to acquire the stressed asset of South East UP Power Transmission Company Limited (SEUPTCL) through its resolution process under the Insolvency and Bankruptcy Code (IBC). Latest News | Tata Power s Singapore JV Wins Bid to Acquire SEUPTCL.