India's Lanco Infratech Ltd said it has sold a 1,200 mega watt (MW) power plant in the southern Indian state of Karnataka to Adani Power Ltd for about 20 billion rupees ($327 million)
Adani Power, led by billionaire Gautam Adani, will take on existing debt of about 40 billion rupees as part of the deal, Lanco said in a statement late on Wednesday.
(1 US$= 61.2150 Indian rupees)
(Reporting by Aman Shah in Mumbai; editing by David Clarke)
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