Lenders to India s Go First are not in favour of releasing additional funding to the grounded airline, given its legal troubles with lessors and complexities related to changes in the bankruptcy.
Jindal Steel & Power Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 61531.71 Crore) operating in Metals - Ferrous sector.
Lenders of SKS Power are set to meet next week to review the resolution plan presented by Torrent Power. This comes after the bankruptcy court noted that the decision to sell the power company to Sarda Energy and Minerals was made based on incomplete financial data. Other companies, including Jindal Power Ltd and Vantage Point Asset Management, were also bidding for the power producer. Torrent Power has appealed, stating that its offer included an upfront cash payment of ₹2,000 crore, while Sarda s offer included ₹400 crore as deferred payment.
Jindal Steel & Power Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 69095.67 Crore) operating in Metals - Ferrous sector.
Grounded airline Go First has received an expression of interest (EoI) from Jindal Power Ltd, two banking sources and two people aware of the development told Reuters.
An EoI ..