Omkara Asset Reconstruction Company has announced the successful acquisition of Rs 3,763 crore debt from the bankrupt Wind World India, secured with a bid of Rs 1,225 crore.
The strategic move places Omkara in a pivotal role as the lead decision-maker in Wind World India’s Corporate Insolvency Resolution Process, securing an 80% voting share within the Committee of Creditors.
Previously known as Enercon India, Wind World India plays a critical role in the country’s renewable energy sector, operating 650 MW of renewable projects and managing 4,500 MW of installed capacity across various Indian states.
(With inputs from agencies.)