Mumbai ARC buys small portion of GVK power plant's debt, gives lender 80% haircut

By Beena Parmar

  • 13 May 2021
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Credit: 123RF.com

A Mumbai-based asset reconstruction company (ARC) has acquired some debt of a Punjab-based stressed power project owned by the GVK group in a deal that gives an 80% haircut to a lender, two persons told VCCircle.  Aditya Birla ARC Ltd has bought GVK Power (Goindwal Sahib) Ltd’s debt from private sector ......

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