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GAIL mulling buying IL&FS windassets

Saturday, November 17, 2018, 7:57 PM

India's biggest gas utility GAIL India is considering acquiring all of the wind energy assets held by a subsidiary of troubled shadow bank IL&FS, according to people familiar with the matter. The discussions are at a preliminary stage and a decision to bid hasn't been made, they said. An IL&FS spokesman declined to comment, while GAIL's spokeswoman didn't immediately respond to emailed queries.