Power company Evergreen, private equity firm KKR, infrastructure investment trust Vertis InvIT, National Asset Reconstruction Company (NARCL), and gaming company Krafton featured in recent news reports
In a significant development, Evergreen Power has appointed BDO as the receiver for its Mauritius-based investment arm that funds its Indian operations. This move comes in response to creditor claims or financial difficulties within the entity [1][2][3]. Despite this, Evergreen Power continues to develop and execute large clean energy tenders in India worth around 1 gigawatt, and maintains its commitments with Indian banks providing project guarantees.
Meanwhile, the National Asset Reconstruction Company Limited (NARCL) has shown its active role in acquiring stressed assets in the infrastructure sector by submitting bids for Jaypee Cement and Reliance Infrastructure's toll road assets. However, specific details on the bidding outcomes or progression beyond bid submission are not publicly detailed [2].
Regarding KKR, the private equity firm is planning a partial stake sale in Vertis Infrastructure Investment Trust (InvIT). This suggests KKR is looking to monetize some of its investment while maintaining a stake in Vertis InvIT [2].
Please note that this article does not provide any new facts about KKR's plans for a partial stake sale in Vertis Infrastructure Investment Trust (InvIT), or any new facts about any other company or investment. It also does not provide any financial or market analysis or predictions.
To access the premium content, one needs to become a Premium member.
[1] Source for Evergreen Power's appointment of BDO as receiver [2] Source for NARCL's bids and KKR's partial stake sale in Vertis InvIT [3] Source for Evergreen Power's continued development of clean energy projects in India
Evergreen Power's decision to appoint BDO as the receiver for its Mauritius-based investment arm, which funds its Indian operations, indicates potential financial challenges within the entity. Meanwhile, KKR's plans for a partial stake sale in Vertis Infrastructure Investment Trust suggest that they are seeking to monetize some of their investments while retaining a stake in the trust.
%2C%20and%20gaming%20company%20Krafton%20featured%20in%20recent%20news%20reports){kind=link}