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NCLT approves GAIL acquisition of IL&FS stake in OTPC

NCLT approves GAIL buying IL&FS s 26% stake in OTPC

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

NCLT Approves GAIL India s Acquisition Of IL&FS 26% Stake In ONGC Tripura Power Company

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