 "Power sector, power, electricity")
In a first, Singapore based Agritrade Resources has acquired SKS Power Generation (Chattisgarh) in a one-time settlement of Rs 21.70 billion with its lenders. This would be the first one-time settlement resolution of a power asset post-Reserve Bank of India's February circular this year.
Agritrade Resources said in a statement to the Hong Kong exchanges on Monday said it has entered into an assignment agreement, pursuant to which the company has agreed to pay to the lenders the assignment amount as the consideration for the assignment and transfer of the existing fund based debt of SKS Power Generation. “The total
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