Lenders for the debt-ridden GVK Power and Infrastructure are initiating a second insolvency process, opting to sell individual assets like land parcels, power units, roads, and the Mumbai airport stake. This strategic shift aims to attract specific bidders and maximize asset value, following a previous unsuccessful attempt due to non-compliant resolution plans.
RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires