Lalitpur Power’s bond plan fizzles out

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By Rashmi Kumar
17 Jan 2020

India’s Lalitpur Power Generation Company has postponed its attempted debut dollar bond after opening bookbuilding on Thursday, according to a source close to the situation.

The firm operates a coal-based thermal power project in India, with three fully operational units. It is owned by the Bajaj group companies, including Bajaj Power Venture, Bajaj Hindusthan Sugar and Bajaj Energy.

Bookbuilding kicked off through Barclays, the sole global co-ordinator and bookrunner, on Thursday morning ...

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