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Adani's new offer comes several months after a majority of lenders voted for a ₹3,020 crore resolution plan from a PFC-led consortium. In January, the PFC-led consortium's proposal secured 95% of votes, while Adani Power got 17% votes. Reliance Industries, which was also in the race offering ₹2,103 crore, did not receive any votes.
Premier Financial Corp. (NASDAQ:PFC – Get Free Report) announced a quarterly dividend on Tuesday, October 24th, Zacks reports. Shareholders of record on Friday, November 10th will be paid a dividend of 0.31 per share on Friday, November 17th. This represents a $1.24 dividend on an annualized basis and a yield of 7.19%. The ex-dividend date […]
As investors continued to allocate money to mid-, small-cap and multi-cap schemes, fund managers looked at companies that would benefit from the stability in the Indian economy.
The state-owned lenders, with NTPC Ltd as the technical partner, had earlier given expression of interest for the 1,800 MW coal-based power project in the Champa district of Chhattisgarh along with companies like Vedanta Ltd, Adani Power Ltd, and Jindal Power Ltd. While the PFC-REC duo had submitted its bid for the project, it was later clarified that they needed DIPAM's approval to participate in the resolution process, three people in the know said.
The power will remain a great story and I think now that the government has realised that renewable power can only do so much, finally there is legitimacy to old thermal power companies and that is what has seen the re-rating whether it is NTPC, whether it is this thing that finally the government of the day is saying I am going to encourage thermal power.