Provisional list of Prospective Resolution Applicants (PRAs) of GVK Power and Infrastructure Ltd for category wise assets of the Corporate Debtor
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Awaiting price reaction for this filing.
GVK Power & Infrastructure, currently under Corporate Insolvency Resolution Process (CIRP), has released the provisional list of 13 Prospective Resolution Applicants (PRAs) interested in acquiring its assets. The company's assets have been split into 5 categories — the whole company as a going concern, stakes in GVK Perambalur SEZ (100%), GVK Airport Developers (1.75%), and GVK Energy (100%), plus residuary assets. Notable interested parties include Jindal Power, Hindustan Thermalprojects, Adani Airport Holdings (for the airport stake), JSW Projects, and Tube Investments of India. The list is provisional — objections can be filed until 30 July 2025, after which the final list will be confirmed by the Resolution Professional.
For shareholders, this is a significant step forward as credible bidders including big names like Adani, Jindal, and JSW have shown interest, which could improve the chances of a reasonable recovery. However, the outcome remains uncertain as the CIRP is still ongoing and final resolution is subject to Committee of Creditors' approval. Stock may see short-term volatility based on which bidder gains traction.