{"id":275176,"date":"2019-05-20T05:30:21","date_gmt":"2019-05-20T05:30:21","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=275176"},"modified":"2019-05-20T05:30:21","modified_gmt":"2019-05-20T05:30:21","slug":"ongc%e2%80%8agip-tripura-govt-look-to-buy-ilfss-26-stake-in%e2%80%8aotpc","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc%e2%80%8agip-tripura-govt-look-to-buy-ilfss-26-stake-in%e2%80%8aotpc\/","title":{"rendered":"ONGC,\u200aGIP, Tripura govt look to buy IL&amp;FS\u2019s 26% stake in\u200aOTPC"},"content":{"rendered":"<p>NEW DELHI: State-run Oil and Natural Gas Corp. Ltd (ONGC), Global Infrastructure Partners (GIP) and the Tripura government are seeking to buy Infrastructure Leasing &amp; Financial Services Ltd\u2019s (IL&amp;FS) 26% stake in the \u20b93,804-crore ONGC Tripura Power Co. Ltd (OTPC), which runs the Palatana power project in Tripura.<\/p>\n<p>The stakeholders have evinced interest in acquiring the stake held by the beleaguered IL&amp;FS by leveraging the share-holder pact, which states that IL&amp;FS should offload its share to stakeholders under distress conditions at a 20% discount on the \u20b910 share face value.<\/p>\n<p>The stake of IL&amp;FS is to be proportionately divided among the shareholders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: State-run Oil and Natural Gas Corp. Ltd (ONGC), Global Infrastructure Partners (GIP) and the Tripura government are seeking to buy Infrastructure Leasing &amp; Financial Services Ltd\u2019s (IL&amp;FS) 26% stake in the \u20b93,804-crore ONGC Tripura Power Co. Ltd (OTPC), which runs the Palatana power project in Tripura. The stakeholders have evinced interest in acquiring the stake held by the beleaguered IL&amp;FS by leveraging the share-holder pact, which states that IL&amp;FS should offload its share to stakeholders under distress conditions at a 20% discount on the \u20b910 share face value. The stake of IL&amp;FS is to be proportionately divided among [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-275176","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/275176","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=275176"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/275176\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=275176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=275176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=275176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}