Today's Sector News - 18.10.2019: 09.00 Am
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* ENERGY: Infrastructure Leasing and Financial Services completed sale of seven of its wind energy assets to Japan's Orix Corp, as part of the debt-laden company's revival process.
* FINANCE: Real estate focused non-bank lender Altico Capital today presented a draft resolution plan to its lenders, committing to repay dues of over 43 bln rupees over five years.
* E-COMMERCE: The government is looking into allegations of e-commerce firms engaging in predatory pricing, Commerce Minister Piyush Goyal said.
* POWER: Avantha Group's Jhabua Power, which is undergoing insolvency proceedings, has received expressions of interest from JSW, ADANI POWER, National Thermal Power Corp, and Tata Power-backed Resurgent Power.
* STEEL: Bhushan Power and Steel misused bank loans to carry out fictitious transactions and route funds to four promoter group entities that had invested in the company, the Enforcement Directorate said.
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