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Access here alternative investment news about Gail Offers Winning Bid For Il&fs Wind Assets, With No Haircut For Lenders | Business Standard News
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Gail Offers Winning Bid For Il&fs Wind Assets, With No Haircut For Lenders | Business Standard News

by business-standard.com posted 4months ago 72 views
Quotes price of Rs 4,800 crore for 873 Mw assets; proposal unanimously approved by CoC. : Natural gas distribution major GAIL India Limited emerged as the highest bidder for the wind assets of debt-ridden IL&FS Group. GAIL quoted an offer price of Rs 4,800 crore for 873 MW of wind power assets, IL&FS said in a public statement. “GAIL’s offer of approximately Rs 4,800 crore for 100 per cent of enterprise value contemplates no hair-cut to the debt of the special purpose vehicles (SPVs) aggregating to approximately Rs 3,700 crore.