SKS Power’s lenders extend timeline for due diligence

Lenders to the Chhattisgarh-based distressed electricity producer SKS Power Generation have extended the deadline for due diligence by prospective buyers to October 17 because of the high demand for the plant.

The deadline to complete due diligence was supposed to end September 12 but has been extended as bidders needed more time to thoroughly analyse the plant, people familiar with the developments said.