ONGC, GIP and Tripura government eye IL&FS' stake in OTPC, says report
Updated : May 20, 2019 09:02 AM IST
The shareholders have shown interest in acquiring the stake in OTPC, which runs the Palatana power project in the northeastern state, by leveraging the shareholder pact.
ONGC has a 50 percent stake in OTPC, IL&FS has 26 percent, GIP 23.5 percent and the Tripura government has 0.5 percent.
IL&FS' 26 percent stake will be divided proportionally among the shareholders.