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.
| Company Name | CMP |
|---|---|
| NTPC | 393.65 |
| Tata Power | 427.45 |
| Adani Power | 198.40 |
| Power Grid Corp | 318.05 |
| Torrent Power | 1565.30 |
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