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Deutsche Bank-led consortium puts Jindal Thermal deal on hold

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Deutsche Bank, which won a bid to acquire Jindal India Thermal Power Ltd’s (JITPL) debt, has placed the transaction on hold.The consortium was the sole bidder for the asset, putting paid to any hopes for resolution now, said two people, requesting anonymity.JITPL runs a 1,200-megawatt coal-fired power plant in Odisha’s Angul district, owned by the BC Jindal Group.

It owes nearly ₹7,600 crore to a clutch of 17 lenders, led by Punjab National Bank (PNB). The lenders hold a 51% stake in unlisted JITPL, after shares pledged by the promoter company were invoked following difficulties in repaying bank loans.

Since 2017, lenders have sought bids to sell their 51% stake in the company.The Deutsche Bank-led consortium, which had offered ₹2,400.

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Caroline Flack - Kirk Douglas - Celebrity deaths in 2020, from Dame Vera Lynn to Caroline Flack - msn.com - county Jones - county Terry
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Celebrity deaths in 2020, from Dame Vera Lynn to Caroline Flack
Terry Jones to Hollywood star Kirk Douglas, we remember some of the notable figures from the arts world who died in 2020. Although no longer with us, their work will still be remembered, revisited and loved for many years to come – whether they were actors, musicians, poets or painters.
Caroline Flack Kirk Douglas county Jones county Terry death 2020 Hollywood stars
Kate Middleton - prince William - Kate Middleton opens up about 'difficult' lockdown days, says it's important to know it 'won't last forever' - pinkvilla.com - county Norfolk
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Kate Middleton opens up about 'difficult' lockdown days, says it's important to know it 'won't last forever'
The coronavirus pandemic has plunged the world into a state of uncertainty. The Duchess of Cambridge, Kate Middleton, recently opened up about the same while speaking to a bunch of students during a special school assembly via video call.
Kate Middleton prince William county Norfolk Hollywood
'I won't be going anywhere' Brave Scots girl opens up on burning her suicide notes after gruelling mental health battle - dailyrecord.co.uk - Scotland
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'I won't be going anywhere' Brave Scots girl opens up on burning her suicide notes after gruelling mental health battle
Glasgow girl has finally burned her suicide notes vowing 'I won’t be going anywhere.'Caitlin McClean torched the notes she planned to use as tragic goodbyes after deciding she would never need them.The 21-year-old 'felt a weight off her shoulders' watching her 'negative' past crumble in front of her after struggling with mental health issues.Now she hopes her brave act will inspire others to do the same.Caitlin told the Daily Record: "After them sitting in my bedside drawer for ages, waiting for the day to come, I burned my suicide notes because I won’t be going anywhere and the day won’t come."It can only go up from here."I had the notes for over a year so burning them felt like a weight off my shoulders."It was like watching a negative
Scotland
COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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