In first resolution for IL&FS group, Japan's Orix to buy its wind energy assets
Updated : October 17, 2019 06:04 PM IST
Orix Corporation, which already holds 49 percent stake in these seven wind energy SPVs, will buy the remaining 51 percent stake from IL&FS to take 100 percent control.
The IL&FS Energy vertical houses over Rs 14,000 crore of the total group debt of over Rs 90,000 crore.
The key lenders to these seven wind energy SPVs are Power Finance Corp, Bank of Baroda and India Infradebt (ICICI Bank fund).
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