GAIL gets CCI nod to buy 26% in ONGC Tripura
Fair trade regulator CCI on Thursday gave its nod for acquisition of 26 per cent equity stake in ONGC NSE 2.69 % Tripura Power Company by GAIL NSE 0.03 % (India). The stake is being acquired from IL&FS group companies IL&FS Energy Development Company Ltd and IL&FS Financial Services Ltd.
GAIL had participated in an open bidding process and had emerged as the highest bidder pursuant to the expression of interest issued for acquiring 26 per cent stake held by the IL&FS Group in ONGC Tripura Power Corporation Ltd, as per a combination notice.
