Japan’s Orix to buy out IL&FS group’s wind assets1 min read 19 May 2019, 03:13 PM IST
Orix will exercise its right under the terms of an existing pact with IL&FS
The sale process to Orix is expected to be completed by June, subject to necessary approvals, according to the statement
Mumbai: Japan’s Orix Corp., which owns a 49% stake in each of the seven operating wind power plants of debt-laden IL&FS group, has expressed its intent to buy out the remaining 51% stake held by IL&FS Wind Energy Ltd (Iwel).
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