Mumbai ARC buys small portion of GVK power plant's debt, gives lender 80% haircut

A Mumbai-based asset reconstruction company (ARC) has acquired some debt of a Punjab-based stressed power project owned by the GVK group in a deal that gives an 80% haircut to a lender, two persons told VCCircle.  Aditya Birla ARC Ltd has bought GVK Power (Goindwal Sahib) Ltd’s debt from private sector ......