Tata-Backed Resurgent Bids For Power Assets Of Jaypee Power

Tata-Backed Resurgent Bids For Power Assets Of Jaypee Power

Tata Group-backed Resurgent Power has emerged as frontrunner to buy Jaypee Power Venturesafter lenders, who own majority shares, put it on the block, said people directly aware of the matter. Jaypee has 2,200 MW of hydro and coal-fired power generation assets, with Rs 12,000 crore in loans following the debt restructuring. Two Middle East sovereign funds — Kuwait Investment […]