Who is interested in acquiring Gupta Power Infrastructure?

Jindal Power, Vedanta, Havells India, UltraTech Cement, Waaree Energies, and Torrent Electricals are among the 22 prospective bidders interested in acquiring Gupta Power Infrastructure.

What is the total debt against Gupta Power Infrastructure?

Gupta Power Infrastructure faces admitted debtor claims totaling ₹4,240 crore.

When is the deadline for resolution plans for Gupta Power?

The deadline for submitting resolution plans for Gupta Power Infrastructure is February 20.

Home / Business and Economy / 22 Bidders Eye Troubled Gupta Power

22 Bidders Eye Troubled Gupta Power

17 Feb

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Summary

22 companies submitted bids for debt-laden Gupta Power.
Creditor claims against Gupta Power total ₹4,240 crore.
Insolvency proceedings are underway for Gupta Power.

Gupta Power Infrastructure, a manufacturer of cables, wire rods, and conductors, is currently undergoing insolvency proceedings. A total of 22 prospective bidders have submitted expressions of interest to acquire the debt-laden company. Admitted debtor claims against Gupta Power amount to ₹4,240 crore.

Prominent companies showing interest include Jindal Power, Vedanta, Havells India, UltraTech Cement, Waaree Energies, and Torrent Electricals. Several engineering and manufacturing firms have also joined the race, some as consortium partners. Authum Investment & Infrastructure, a non-banking finance company, is also among the applicants.