Vedanta, Jindal Power among 17 to show interest in SREI resolution

Resolution plan by April 30, but deadline can be stretched on request

The resolution for the two SREI group companies generated huge interest from investors with 17 entities submitting expression of interest (EOI) that was floated by the Reserve Bank of India (RBI) appointed administrator for the resolution of the companies under the corporate insolvency resolution process (CIRP).

The deadline of the EoI which was invited for a resolution plan for SREI Equipment Finance (SEFL) and SREI Infrastructure Finance (SIFL) under group insolvency, expired on Saturday.

From private equity firms to business conglomerates like Vedanta, Welspun group and Jindal Power to financial services and asset reconstruction companies like Edelweiss Financial Services and