This story is from January 05, 2022
IL&FS sells ONGC Tripura Power to GAIL
MUMBAI: IL&FS Group has completed the sale of its 26% stake in
After the sale, GAIL will be a 26% shareholder in OTPC along with ONGC at 50%, Indian Infrastructure Fund II at 23.5% and
OTPC has been categorised as a green company and has an aggregate debt of about Rs 3,000 crore, which will continue to be serviced under the new shareholding.
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ONGC Tripura Power
(OTPC) toGAIL
for Rs 319 crore. With this sale, IL&FS has resolved a debt of Rs 3,656 crore of the overall group dues of Rs 99,000 crore, as of October 2018.After the sale, GAIL will be a 26% shareholder in OTPC along with ONGC at 50%, Indian Infrastructure Fund II at 23.5% and
Tripura
government at 0.5%.OTPC has been categorised as a green company and has an aggregate debt of about Rs 3,000 crore, which will continue to be serviced under the new shareholding.
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