RattanIndia Power closes OTS transaction for debt resolution

RattanIndia Power Ltd. | Power Generation/Distribution | Power | BSE: 533122 | NSE: RTNPOWER

31 Dec 2019 Evaluate

RattanIndia Power has closed a One-Time Settlement Scheme (OTS) transaction for debt resolution with its consortium of 12 lenders led by PFC and SBI. These existing lenders have assigned the existing principal debt of around Rs 6,574 crore to a set of new investors and lenders, led by marquee foreign funds like Goldman Sachs and Varde Partners (through the Aditya Birla ARC) for Rs 4,050 crore.

RattanIndia Power develops and intends to operate and maintain power projects in India. The company is involved in a number of Thermal and Hydro Power Projects across India.

Peers

Company Name	CMP
NTPC	326.50
Tata Power	367.00
Adani Power	207.20
Power Grid Corpn.	266.90
Adani Energy Solut.	1405.00
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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