Lanco Infratech is reportedly close to completing a major restructure of its power assets. The process is likely to be completed by November-December this year. The restructured entity will bring together the diversified infrastructure company’s several power assets under one umbrella. Lanco can then divest a stake to a strategic investor, with which it is at advanced stage of parleys.
The restructure and divestment will help Lanco to bring down the debt of about Rs 7,000 crore at its holding company. The rest of the debt will be at the special purpose vehicle (SPV) and subsidiaries levels.
Lanco Infratech is the leading integrated infrastructure conglomerate with global footprints having business verticals viz. EPC, Power, Solar, Natural Resources and Infrastructure.
