Singapore’s Vantage Point is highest bidder for bankrupt SKS Power
Singapore’s Vantage Point Asset Management has emerged as the highest bidder for bankrupt SKS Power Generation (Chhattisgarh) by offering Rs 1,800 crore. Ahmedabad-based Torrent, came a close second with a difference of just Rs 7 crore from Vantage’s offer, said a banking source.
Nagpur-based Sarda Energy and Jindal Power, which is owned by Naveen Jindal, also made good offers, the source said.
SKS Power’s committee of creditors (CoC) is evaluating the offers and will vote on bids soon. SKS owns a 600-mw power plant in Chhattisgarh that is now run by state-owned NTPC, which didn’t make an aggressive bid for the company.
