{"id":614480,"date":"2023-11-03T10:30:43","date_gmt":"2023-11-03T05:00:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=614480"},"modified":"2023-11-03T10:30:43","modified_gmt":"2023-11-03T05:00:43","slug":"adani-power-refuses-to-give-up-on-lanco-unit-makes-improved-offer","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-power-refuses-to-give-up-on-lanco-unit-makes-improved-offer\/","title":{"rendered":"Adani Power refuses to give up on Lanco unit, makes improved offer"},"content":{"rendered":"<p>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 \u20b93,650 crore to lenders versus the \u20b92,950 crore proposal it made in December, said two people aware of the development.<\/p>\n<p>The thermal power company&#8217;s lenders will meet Thursday (November 2) to review the offer from Adani, the people said. Adani&#8217;s new offer comes several months after a majority of lenders voted for a \u20b93,020 crore resolution plan from a PFC-led consortium.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 \u20b93,650 crore to lenders versus the \u20b92,950 crore proposal it made in December, said two people aware of the development. The thermal power company&#8217;s lenders will meet Thursday (November 2) to review the offer from Adani, the people said. Adani&#8217;s new offer comes several months after a majority of lenders voted for a \u20b93,020 crore resolution plan from a PFC-led consortium.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-614480","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/614480","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=614480"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/614480\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=614480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=614480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=614480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}