INSUBCONTINENT EXCLUSIVE:
buying some of the wind assets of debt-laden Infrastructure Leasing and Financial Services (ILFS) but has yet to have any discussion on the
matter, two sources from GAIL said on Friday.The new board of shadow bank ILFS, which has defaulted on some of its debt, has decided to sell
off its assets as part of a restructuring plan.The sources said GAIL would not consider buying the entire wind energy assets of ILFS unless
offered at a steep discount."GAIL is not aware that ILFS is in the market to sell its wind energy assets
When they come to the market and to us, we will have a look at it," said one of the officials.ILFS has an installed wind energy capacity of
775.2 MW, while GAIL, which wants to expand its renewable energy portfolio, owns 128 MW.A GAIL spokesman did not respond to news agency
Reuters' request for a comment, while ILFS spokesman declined to comment.
