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Jindal Power quits race to acquire Lanco Amarkantak

In a sudden U-turn, Naveen Jindal-promoted Jindal Power has dropped out of the race to acquire Lanco Amarkantak Power. Just last week, the company had topped an offer by Adani Power for the distressed thermal power company undergoing corporate insolvency proceedings. ....

Lanco Amarkantak , Reliance Industries , Amravati National Company Law Tribunal , Naveen Jindal Promoted Power , Adani Power , Power Finance Corporation Led , Jindal Power , Request For Resolution Plant , Power Quits Race , Acquire Lanco Amarkantak , Power Finance Corporation ,