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Purvah Green, an RP Sanjiv Goenka Group company, has withdrawn its ₹5,750 crore bid for GVK Energy, citing uncertainties from the Gulf war.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.