Lanco Infratech, which is at advanced stage of negotiations to divest stake in the Udupi thermal power project special purpose vehicle, is likely to conclude the deal by early next month, sources close to the development told BusinessLine . It is learnt that at least four suitors are in the fray for a stake in the project, including JSW and a Malaysian company. The company had earlier divested stake in a couple of hydel assets, wind farms and Budhil hydel project as a part of its efforts to reduce its debt.
The diversified infrastructure company had secured the nod to restructure corporate debt at the holding company level.