Acquisitions24 Jun 2025, 01:12 pm
PTC India Financial Services Issues LoI to Enviro Infra Engineers for Resolution of Vento Power Infra's Debt
AI Summary
PTC India Financial Services Limited has issued a Letter of Intent to Enviro Infra Engineers Limited for the resolution of debt (NPA) of Vento Power Infra Pvt. Limited. This decision comes after a thorough price discovery process. The gross transaction value at which the highest bidder was finalized is Rs. 115,60,60,660. However, the ultimate resolution of the debt is subject to acceptance of the LoI by the highest bidder, execution of definitive agreements, receipt of transaction value, and transaction closure.
Key Highlights
- PTC India Financial Services issues LoI to Enviro Infra Engineers for Vento Power Infra's debt resolution
- The transaction value is Rs. 115,60,60,660
- Resolution is subject to acceptance of LoI, execution of definitive agreements, and transaction closure
- Vento Power Infra's debt is being resolved through a change in management process
- The decision comes after a comprehensive price discovery process