Adani Power refuses to give up on Lanco unit, makes improved offer
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.
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