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The shares of GAIL (India) Ltd on Tuesday fell as much as 3.8 per cent to ₹ 331.70 to their lowest since February 27.
The State-run natural gas distribution company is set to buy 7 wind power plants from debt-ridden Infrastructure Leasing and Financial Services for ₹4,800 crore ($690.25 million), IL&FS said on Monday
The oil PSU’s offer contemplates no hair-cut to the debt of the plants, which is around ₹3,700 crore.
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