Brief: IL&FS Group Says GAIL India Highest Bidder For Co's Wind Assets Portfolio
22/04/2019 14:30
April 22 (Reuters) - GAIL (India) Ltd GAIL.NS :
* IL&FS GROUP SAYS GAIL INDIA IS HIGHEST BIDDER FOR CO'S
WIND
ASSETS PORTFOLIO
* IL&FS GROUP SAYS GAIL'S OFFER OF ABOUT 48 BILLION RUPEES
FOR 100
PERCENT OF ENTERPRISE VALUE CONTEMPLATES NO HAIRCUT TO DEBT OF
SPVS
* IL&FS GROUP SAYS PROCEEDS FROM SALE OF WIND ASSETS SHALL
BE HELD
IN TRUST FOR DISTRIBUTION TO RELEVANT STAKEHOLDERS
* IL&FS GROUP SAYS CLOSURE OF SALE EXPECTED IN THREE WEEKS
Further company coverage: GAIL.NS
((Reuters.Briefs@thomsonreuters.com;))
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