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Adani Power Close To Acquiring GMR Chhattisgarh Power Project Under Samadhan Scheme
The deal is being struck under the Samadhan scheme, which SBI had created to deal with stressed power assets.
18 Jan 2019, 10:56 PM IST
Adani Power Ltd is close to acquiring the GMR Chhattisgarh power project under the Samadhan Scheme of State Bank of India, two bankers in the know told BloombergQuint on condition of anonymity. The deal, if closed, will be a small step forward in the slow process for resolving Rs 1.7 lakh crore in stressed power assets.A majority of the lenders involved have given their approval to sell the asset, the bankers quoted above said. As pe...
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