SEC said the endorsement of the bank guarantee against earnest money deposit, issued by a foreign bank, was fake. The tender was finally cancelled ...
Indian markets market continued to remain under pressure as Foreign Portfolio Investors (FPIs) remained continuous sellers.
To recall, Rosa Power had earlier in prepaid Rs 833 crore to Varde Partners. Rosa Power, operates a 1,200 MW coal-based thermal power plant in Rosa village near Shahjahanpur, Uttar Pradesh.
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Reliance Power's subsidiary, Rosa Power Supply Company, has cleared its debt by prepaying Rs 485 crore to Varde Partners. This follows a previous prepayment of Rs 833 crore, making Rosa Power ...
During this period, the company had a loss of Rs 296.31 crore. About a month ago, Reliance Power had approved a plan to raise Rs 4,198 crore through foreign currency convertible bonds (FCCBs) to be ...