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 | ||
755.8 INR | +8.22% | +6.90% | +43.92% |
May. 24 | India's NTPC posts Q4 profit rise on sturdy power demand | RE |
May. 24 | India's Adani Enterprises recovers to pre-Hindenburg levels | RE |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
2,861 INR | +0.39% | -3.37% | 232B | ||
755.8 INR | +8.22% | +6.90% | 34.93B | ||
492.4 INR | -1.60% | +0.16% | 19.47B | ||
Quarterly revenue - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+43.92% | 34.93B | |
+15.38% | 41.71B | |
+34.45% | 18.24B | |
+41.62% | 13.63B | |
+30.84% | 8.76B | |
+79.92% | 6.74B | |
+30.89% | 6.44B | |
+39.95% | 5.33B | |
-6.59% | 3.93B | |
+29.63% | 3.79B |
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- Jindal Power Quits Race to Acquire Lanco Amarkantak