GAIL and IL&FS Group successfully concluded the transaction wherein GAIL acquired equity stake of 26% held by IL&FS Energy Development Company Ltd and IL&FS Financial Services Ltd (IFIN) in ONGC Tripura Power Company Limited.
Debt-laden IL&FS said on Tuesday it has completed sale of its 26 per cent stake in ONGC Tripura Power Company (OTPC) to Gas Authority of India Limited (GAIL) at an aggregate valuation of Rs 1,227 crore.
The IL&FS Group has completed sale of its 26 per cent stake in ONGC Tripura Power Company (OTPC) to Gas Authority of India Limited (GAIL) at an aggregate valuation of Rs 1,227 crore.According to the Group, with this transaction, IL&FS .
The IL&FS Group has completed sale of its 26 per cent stake in ONGC Tripura Power Company (OTPC) to Gas Authority of India Limited (GAIL) at an aggregate valuation of Rs 1,227 crore.