The Punjab government has finalized the payment of ₹1,426 crore to banks, including IDBI, to acquire the debt-ridden 540-MW GVK Power’s Goindwal Sahib thermal power plant. This settlement, equivalent to 43% of principal dues, marks a significant recovery for banks involved. Litigation delays with the plant owners have now been resolved, facilitating the transaction.
Afcons Infra’s Rs 5,430 cr IPO opens tomorrow. Price band, GMP among 10 things to know before subscribing
The initial public offering (IPO) of Afcons Infrastructure will open for subscription on October 25 and close on October 29. The company aims to raise