{"id":624282,"date":"2023-12-26T09:30:31","date_gmt":"2023-12-26T04:00:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=624282"},"modified":"2023-12-26T10:05:09","modified_gmt":"2023-12-26T04:35:09","slug":"consortium-led-by-adani-power-gets-letter-of-intent-to-buy-coastal-energen","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/consortium-led-by-adani-power-gets-letter-of-intent-to-buy-coastal-energen\/","title":{"rendered":"Consortium led by Adani Power gets letter of intent to buy Coastal Energen"},"content":{"rendered":"<p>A consortium led by Adani Power Ltd., has been issued a letter of intent (LoI) for the acquisition of Coastal Energen Pvt., currently undergoing a corporate insolvency resolution process. <\/p>\n<p>In a regulatory filing on Sunday, Adani Power announced that the resolution professional granted the LoI on Saturday, following the approval of the consortium&#8217;s resolution plan by CEPL&#8217;s committee of creditors. <\/p>\n<p>&#8220;The implementation of the resolution plan is subject to the terms of the LOI and requisite approvals from the NCLT and any other regulatory authority under applicable laws,&#8221; Adani Power said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A consortium led by Adani Power Ltd., has been issued a letter of intent (LoI) for the acquisition of Coastal Energen Pvt., currently undergoing a corporate insolvency resolution process. In a regulatory filing on Sunday, Adani Power announced that the resolution professional granted the LoI on Saturday, following the approval of the consortium&#8217;s resolution plan by CEPL&#8217;s committee of creditors. &#8220;The implementation of the resolution plan is subject to the terms of the LOI and requisite approvals from the NCLT and any other regulatory authority under applicable laws,&#8221; Adani Power said.<\/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":[135,130,232],"tags":[],"class_list":["post-624282","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/624282","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=624282"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/624282\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=624282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=624282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=624282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}