{"id":268466,"date":"2019-04-08T06:48:37","date_gmt":"2019-04-08T06:48:37","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=268466"},"modified":"2019-04-08T06:51:08","modified_gmt":"2019-04-08T06:51:08","slug":"adani-power-secures-letter-of-intent-to-acquire-korba-west-power-company","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-power-secures-letter-of-intent-to-acquire-korba-west-power-company\/","title":{"rendered":"Adani Power secures letter of intent to acquire Korba West Power Company"},"content":{"rendered":"<p>Adani Power on Monday said it has been awarded a letter of intent to acquire debt-laden Korba West Power Company.<\/p>\n<p>\u201cThe company has been awarded the letter of intent (LOI) for Korba West Power Company Ltd (KWPCL). The Committee of Creditors of KWPCL, a company undergoing insolvency resolution process under the Insolvency and Bankruptcy Code, 2016, has approved the resolution plan submitted by Adani Power,\u201d Adani Power said in a BSE filing.<\/p>\n<p>The closure of the transaction shall be subject to obtaining the necessary approval from the NCLT, Ahmedabad, and satisfaction of the conditions precedent under the resolution plan, the company added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adani Power on Monday said it has been awarded a letter of intent to acquire debt-laden Korba West Power Company. \u201cThe company has been awarded the letter of intent (LOI) for Korba West Power Company Ltd (KWPCL). The Committee of Creditors of KWPCL, a company undergoing insolvency resolution process under the Insolvency and Bankruptcy Code, 2016, has approved the resolution plan submitted by Adani Power,\u201d Adani Power said in a BSE filing. The closure of the transaction shall be subject to obtaining the necessary approval from the NCLT, Ahmedabad, and satisfaction of the conditions precedent under the resolution plan, the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-268466","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/268466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=268466"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/268466\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=268466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=268466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=268466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}