Corporate News 25-Jun-21
Board of PTC India approves LoI issue for acquisition of IL&FS's Energy Consulting Business undertaking
At meeting held on 24 June 2021
The Board of PTC India at its meeting held on 24 June 2021 has approved a Letter of Intent (LoI) dated 17 June 2021, for acquisition of the Energy Consulting Business undertaking of IL&FS Energy Development Company, a Group Company of IL&FS, for an undisclosed value, on a Slump Sale basis. The LoI was issued after following due process prescribed under the Resolution Framework approved by NCLT for IL&FS Group entities
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