{"id":270551,"date":"2019-04-23T04:55:52","date_gmt":"2019-04-23T04:55:52","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=270551"},"modified":"2019-04-23T05:15:32","modified_gmt":"2019-04-23T05:15:32","slug":"gail-offers-winning-bid-for-ilfs-wind-assets-with-no-haircut-for-lenders","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gail-offers-winning-bid-for-ilfs-wind-assets-with-no-haircut-for-lenders\/","title":{"rendered":"GAIL offers winning bid for IL&amp;FS wind assets, with no haircut for lenders"},"content":{"rendered":"<p>Natural gas distribution major GAIL India Limited emerged as the highest bidder for the wind assets of debt-ridden IL&amp;FS Group. GAIL quoted an offer price of Rs 4,800 crore for 873 MW of wind power assets, IL&amp;FS said in a public statement.<\/p>\n<p>\u201cGAIL\u2019s 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. The proposal was unanimously approved by the Committee of Creditors of IL&amp;FS Wind Energy Limited (IWEL), majority owner of the SPVs,\u201d the company statement said. <\/p>\n<p>GAIL spokesperson was unavailable to confirm on the same.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Natural gas distribution major GAIL India Limited emerged as the highest bidder for the wind assets of debt-ridden IL&amp;FS Group. GAIL quoted an offer price of Rs 4,800 crore for 873 MW of wind power assets, IL&amp;FS said in a public statement. \u201cGAIL\u2019s 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. The proposal was unanimously approved by the Committee of Creditors of IL&amp;FS Wind Energy Limited (IWEL), majority owner of the SPVs,\u201d the company statement said. GAIL [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-270551","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/270551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=270551"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/270551\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=270551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=270551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=270551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}