IL&FS' stake in Prime Terminals FZC was held through IL&FS Maritime Infrastructure Company Ltd (IMICL). VTTI acquired the energy storage terminal situated in UAE's Fujairah from IMICL and other shareholders.
GAIL India said in its statement that the stake is being acquired from IL&FS Group companies - namely IL&FS Energy Development Company Ltd (EDCL) and IL&FS Financial Services Ltd (IFIN).
The National Company Law Tribunal has approved state-owned gas utility GAIL (India) Ltd's acquisition of bankrupt Infrastructure Leasing and Financial Services' 26 per cent stake in ONGC Tripura Power Company (OTPC), GAIL said on Friday. OTPC is a special purpose vehicle between Oil and Natural Gas Corporation (ONGC), IL&FS Group and Government of Tripura (GoT) for setting up
There are no takers in India for corporate notes with even a whiff of credit risk. But such is the fear among global investors around China’s overleveraged property developers that money can’t stop pouring into Indian high-yield dollar bonds. Domestic debt issuances by all except the top-rated borrowers have shrunk since the collapse of the IL&FS Group, a major