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 | ||
718.6 INR | +0.41% |
|
-2.05% | +36.84% |
06-25 | Adani CFO calls some regulator notices group received 'trivial' | RE |
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Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
3,131 INR | +2.28% | +7.65% | 254B | ||
718.6 INR | +0.41% | -2.05% | 33.25B | ||
485.1 INR | +1.12% | +0.58% | 19.2B | ||
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+36.84% | 33.25B | |
+21.60% | 44.01B | |
+38.39% | 18.71B | |
+53.13% | 14.75B | |
+36.31% | 9.17B | |
+73.47% | 6.5B | |
+35.77% | 6.44B | |
+42.08% | 5.39B | |
+40.99% | 4.11B | |
-5.25% | 3.99B |
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- Jindal Power Quits Race to Acquire Lanco Amarkantak