Bidders set up close fight for SKS Power; financial creditors could make a full recovery

January 23, 2023

“All bidders that had submitted bids early this month are very close, which means a recovery of over 75% is almost guaranteed. To break the deadlock, banks will push the bidders to offer more particularly with more cash upfront, which is likely to take recovery closer to 100%,” said a person familiar with the process.

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