Lenders pick PFC-REC offer for Lanco Amarkantak Power

January 11, 2023

The PFC-REC team received 95% of lender votes by value of debt, while Adani Power secured 17%, people cited above told ET. The voting percentages need not total up to 100 as lenders could vote for one offer, an alternative, or all of the options on the table. Reliance Industries, the third bidder in the fray, did not receive any votes, said the people cited above.

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