India: JSW Energy’s buyout plans for Bina power plant stuck

India: JSW Energy’s buyout plans for Bina power plant stuck

The deadline of JSW Energy’s acquisition of Jaiprakash Power Ventures’s Bina power plant is set for 31 May at an enterprise value of Rs2,700 crore.

JSW Energy Ltd’s plan to buy the 500 mega-watt (MW) Bina thermal power plant from Jaiprakash Power Ventures Ltd may come unstuck as the latter’s lenders have invoked strategic debt restructuring (SDR), according to two people familiar with the discussions.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter