Brief: IL&FS Group Says GAIL India Highest Bidder For Co's Wind Assets Portfolio

IL&FS Transportation Networks

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;))