{"id":628508,"date":"2024-01-17T10:31:09","date_gmt":"2024-01-17T05:01:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=628508"},"modified":"2024-01-17T10:31:09","modified_gmt":"2024-01-17T05:01:09","slug":"jindal-power-bids-higher-than-adani-company-for-lanco-amarkantak-power","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jindal-power-bids-higher-than-adani-company-for-lanco-amarkantak-power\/","title":{"rendered":"Jindal Power bids higher than Adani company for Lanco Amarkantak Power"},"content":{"rendered":"<p>Naveen Jindal-promoted Jindal Power (JPL) Tuesday gave a \u20b94,203-crore, all-cash offer for acquiring Lanco Amarkantak Power, topping Adani Power&#8217;s \u20b94,100 crore offer, said people with knowledge of the matter.<\/p>\n<p>Last week, JPL sought the bankruptcy court&#8217;s approval to participate in the sale process of Lanco Amarkantak. On Friday, the Amaravati bench of National Company Law Tribunal (NCLT) directed JPL to submit a plan by Tuesday (January 16) to lenders along with a \u20b9100-crore bank guarantee. The NCLT will hear Wednesday JPL&#8217;s petition whether it can participate in the sale process.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Naveen Jindal-promoted Jindal Power (JPL) Tuesday gave a \u20b94,203-crore, all-cash offer for acquiring Lanco Amarkantak Power, topping Adani Power&#8217;s \u20b94,100 crore offer, said people with knowledge of the matter. Last week, JPL sought the bankruptcy court&#8217;s approval to participate in the sale process of Lanco Amarkantak. On Friday, the Amaravati bench of National Company Law Tribunal (NCLT) directed JPL to submit a plan by Tuesday (January 16) to lenders along with a \u20b9100-crore bank guarantee. The NCLT will hear Wednesday JPL&#8217;s petition whether it can participate in the sale process.<\/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-628508","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\/628508","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=628508"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/628508\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=628508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=628508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=628508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}