11 buyers line up for Jaiprakash Power

Adani, Tata, JSW Energy among those to show interest

Even at a time when the power generation sector is under stress, lenders of Jaiprakash Power Ventures have managed to get as many as 11 suitors for the beleaguered company. Adani Power, JSW Energy and Resurgent, a joint venture of ICICI Ventures and Tata Power, are among those who have put in expressions of interest.

While two of the Jaiprakash group companies — Jaiprakash Infrastructure and Jaiprakash Associates — are under insolvency resolution, Jaiprakash Power is under strategic debt restructuring (SDR). A consortium of banks, including IDBI and SBI, had taken over the company last year. 

The total public shareholding