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The Economic Times

Markets / The Economic Times

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Purvah Green pulls the plug on Rs 5,750-cr GVK Energy resolution

Purvah Green, an RP Sanjiv Goenka Group company, has withdrawn its 5,750 crore bid for GVK Energy, citing uncertainties from the Gulf war. The decision follows a broader trend of cost rationalization and strategic reshaping due to the geopolitical situation. Adani Group had submitted the second-highest offer of 5,725 crore.

18 Mar 2026 6:10 am