GAIL (India) Limited has emerged as the highest bidder for the acquisition of the 874 MW operational wind energy portfolio (Asset Portfolio 1) of Infrastructure Leasing & Financial Services (IL&FS). The EoI bids were invited in November 2018. The Asset Portfolio 1 includes Asset Portfolio 1A: comprises five SPVs operating wind power plants with an aggregate capacity of 569.2 MW; Asset Portfolio 1B: includes an SPV operating a wind power plant with an aggregate capacity of 256 MW; Asset Portfolio 1C: This includes an SPV operating a wind power plant with an aggregate capacity of 48.3 MW. The enterprise value of the transaction is expected to be Rs 48 billion. It includes an accumulated debt of Rs 37 billion on the wind power SPVs and an equity value of Rs 10 billion on the assets. The sale is expected to be completed by mid-May 2019.