Piramal seeks stake in Lanco Infra

Piramal Capital, the financial arm of Piramal Enterprises, initiated preliminary talks with Lanco Infra to obtain a stake in the debt-ridden thermal power portfolio. Lanco´s thermal power portfolio has a total capacity of around 7,256 MW and the company´s debt burden as of March 31, 2015 is Rs 37,526 crore. The enterprise value of the six power plants is estimated between Rs 42,000 crore to Rs 45,000 crore. Contact: Piramal Capital. Tel: 022-6151 3636. Website: www.piramal.com