Aditya Birla ARC buys distressed debt of a coal-fired power plant in Chhattisgarh

Aditya Birla Asset Reconstruction Company (ARC) has snapped up debt worth Rs 2,500 crore (about $344 million) of a firm that owns a coal-fired power plant, two people told VCCircle.  KSK Mahanadi Power Company Ltd, which owns the plant in Chhattisgarh, is undergoing bankruptcy resolution. Of the total Rs 2,500 crore, ......