Debt financing

Tata Power, resurgent outbid others for Southeast UP Power

Economic Times  

Tata Power and ICICI Bank-backed Resurgent Power Ventures have emerged as highest bidders for Southeast UP Power Transmission Company under the insolvency procedure, offering an upfront payment of INR 3,251 crore. The bid covering 100% of the principal debt is by far the best recovery from stressed asset sale in the power sector.

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