JP Power settles Rs 511 crore debt via NARCL IBC
JP Power settles Rs 511 crore debt via NARCL IBC.
Jaiprakash Power Ventures has successfully resolved a Rs 511 crore legacy debt through the National Asset Reconstruction Company Limited (NARCL) under the IBC framework. This settlement marks a significant step in the company’s turnaround and balance sheet repair. The move improves investor sentiment and reduces future litigation risks.
📊 STOCKS: $JPPOWER | 🏢 SECTOR: CapitalMarkets | #MEDIUMIMPACT #DebtSettlement
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