India: IL&FS raises $115m through sale of wind assets to Japan's Orix

India: IL&FS raises $115m through sale of wind assets to Japan's Orix

Photo: Mint

The bankrupt shadow lending group Infrastructure Leasing and Financial Services (IL&FS) has completed the sale of its 51% stake in seven operating wind power assets, with 874 MW of generation capacity, to ORIX Corporation of Japan for 806 crore. This is the first sale of assets that the group has been able to close, and the company said it will repay the lenders in full.

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