India's Sarda Energy gains after top court rejects appeals against SKS Power resolution plan

Sarda Energy & Minerals

27/02/2026 10:11

** Shares of Sarda Energy & Minerals SAEM.NS rise 6.1% to 550.35 rupees

** India's Supreme Court rejects all appeals against NCLT's approval of SAEM's resolution plan for acquisition of SKS Power Generation (Chhattisgarh)

** In June 2023, SAEM was declared as successful resolution applicant for SKS Power Generation (Chhattisgarh) under corporate insolvency resolution process

** Some unsuccessful bidders for SKS Power had appealed in Supreme Court against SAEM's successful resolution application

** Trading vols at 5.7 mln shares, nearly 16x the 30-day average

** SAEM up ~5.7% YTD

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))