NTPC outbids Adani for Avantha’s MP plant - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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NTPC outbids Adani for Avantha’s MP plant

State-run NTPC’s offer is also the highest on a per-megawatt basis so far to buy out a stressed asset in the power sector. The thermal power producer undergoing bankruptcy proceedings owes more than Rs 5,000 crore to lenders, who could recover 38% of their loans if they accept the NTPC offer.

from Stocks-Markets-Economic Times
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