Adani Power has rekindled its desire to acquire bankrupt Lanco Amarkantak Power after backing out of the race last December. This week the company submitted a revised, improved offer of ₹3,650 crore to lenders versus the ₹2,950 crore proposal it made in December, said two people aware of the development.
The thermal power company’s lenders will meet Thursday (November 2) to review the offer from Adani, the people said. 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.
