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Deutsche Bank-led consortium puts Jindal Thermal deal on hold
Deutsche Bank, which won a bid to acquire Jindal India Thermal Power Ltd’s (JITPL) debt, has placed the transaction on hold.The consortium was the sole bidder for the asset, putting paid to any hopes for resolution now, said two people, requesting anonymity.JITPL runs a 1,200-megawatt coal-fired power plant in Odisha’s Angul district, owned by the BC Jindal Group. It owes nearly ₹7,600 crore to a clutch of 17 lenders, led by Punjab National Bank (PNB).