{"id":376747,"date":"2020-10-05T11:08:00","date_gmt":"2020-10-05T05:38:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=376747"},"modified":"2020-10-05T11:08:00","modified_gmt":"2020-10-05T05:38:00","slug":"gail-in-talks-with-ilfs-us-fund-for-stake-in-ongc-tripura-power","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gail-in-talks-with-ilfs-us-fund-for-stake-in-ongc-tripura-power\/","title":{"rendered":"GAIL in talks with IL&amp;FS, US Fund for stake in ONGC Tripura Power"},"content":{"rendered":"<p>Mumbai: GAIL NSE -1.81 % has initiated preliminary talks with beleaguered infrastructure financier IL&amp;FS and US-based infrastructure investment fund Global Infrastructure Partners (GIP) to pick up at least 49% stake in ONGC NSE -0.65 % Tripura Power Company (OTPC) at a valuation of \u20b91,500 crore, two people aware of the development told ET.<\/p>\n<p>PwC India is advising GAIL, India\u2019s largest state-owned natural gas processing and distribution company, on the deal to acquire the stake in the gas-based power plant. If successful, the deal will give GAIL rights equal to Oil and Natural Gas Corporation (ONGC), which is the 50% owner<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: GAIL NSE -1.81 % has initiated preliminary talks with beleaguered infrastructure financier IL&amp;FS and US-based infrastructure investment fund Global Infrastructure Partners (GIP) to pick up at least 49% stake in ONGC NSE -0.65 % Tripura Power Company (OTPC) at a valuation of \u20b91,500 crore, two people aware of the development told ET. PwC India is advising GAIL, India\u2019s largest state-owned natural gas processing and distribution company, on the deal to acquire the stake in the gas-based power plant. If successful, the deal will give GAIL rights equal to Oil and Natural Gas Corporation (ONGC), which is the 50% owner<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-376747","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/376747","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=376747"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/376747\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=376747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=376747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=376747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}