IL&FS completes sale of wind energy assets to Orix
IL&FS said that it has completed the sale of its wind energy assets to Orix Corporation of Japan for Rs 4,900 crore, helping the debt ridden company to resolve its debt of over Rs 4,300 crore.
IL&FS completes wind power units sale to Orix for RS 4,800 crore
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ILFS has put on block assets worth Rs 50,000 crore. It has sold wind energy assets to Orix. There are 14 separate bids for 10 road assets.
NCLT allows IL&FS to sell 7 wind assets to Orix for Rs 4,800 crore
The tribunal comprising of VP Singh and Rajesh Sharma allowed the government-appointed board's plea to approve sale of 51 percent stake in seven wind energy arms to Orix.
IL&FS gets approval for sale of wind projects to Orix Corp
Justice Jain who has been appointed by the NCLAT to supervise the operation of the resolution process of IL&FS group companies.
IL&FS can sell 51% in wind units to Japanese investor
NCLT asks company to deposit proceeds in an interest-bearing account for now.
Orix may buy another 51% in IL&FS Wind Energy
GAIL had offered to pay Rs 4,800 crore for 100 per cent of enterprise value which was at no hair-cut to the debt of the SPVs of Rs 3,700 crore.
Orix looks to raise IL&FS stake by 5 %
Orix, the second largest investor in IL&FS, may increase its shareholding by 5%. ILFS Employees’ Trust and Central Bank of India may forego their rights to subscribe to the latest issue of shares.
IL&FS crisis: RBI brass meets LIC, Orix Corp
The RBI had earlier called all the shareholders of the group for the meeting, but later whittled it down to two of the large shareholders.
IL&FS crisis: RBI meets LIC & Orix Corp mulls the roadmap ahead
The Reserve Bank of India (RBI) Friday met the large shareholders of debt-laden Infrastructure Leasing & Finance Services (IL&FS) to decide ...
Orix may block bids less than Rs 2,300 crore for IL&FS renewables
Orix, the second-largest shareholder of IL&FS, bought a 49% stake in the clean power assets at the earlier-mentioned valuation in 2016 and has right of first refusal.
IL&FS AGM: LIC, Orix, SBI to hike stake through Rs 4,500 cr rights issue
In a major breather to the crippled infra lender and engineering group IL&FS, its largest shareholders LIC and Orix Corp and also SBI Saturd...
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If IL&FS is sold in its present form will eventually revive.
LIC open to taking part in IL&FS rights issue
The insurer might also look at raising its equity stake in IL&FS, subject to regulatory permission, V.K. Sharma said.
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