A consortium led by Adani Power gets letter of intent to buy Coastal Energen
In a regulatory filing on Sunday, Adani Power Ltd said the LoI from the resolution professional was received Saturday after CEPL's committee of creditors approved the resolution plan submitted by the consortium. "The implementation of the resolution plan is subject to the terms of the LOI and requisite approvals from the NCLT and any other regulatory authority under applicable laws," Adani Power said.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
