Industry Newsroom

RattanIndia Power’s Debt to Be Acquired by Goldman Sachs & Varde Partners for USD566 Million

A Goldman Sachs- and Varde Partners-led coalition of investors have agreed to acquire all of the outstanding debt of India-based power generation company RattanIndia Power from the company’s 12 existing lenders for INR40.5 billion (USD566 million). The face value of the portfolio is INR65.8 billion (USD919 million). The settlement is the first to be concluded since the implementation of the Reserve Bank of India’s Prudential Framework for Resolution of Stressed Assets in June 2019.