ORIX Corporation of Japan to fully take over 874 MW wind in India

Date July 24, 2019
Type M&A Transactions
Subtype Transaction launched
Countries India
Subsectors Onshore Wind
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Infrastructure Leasing and Financial Services Ltd (IL&FS) have received approval from the supervisor of the operation appointed by India’s National Company Law Appellate Tribunal (NCLAT) on the proposed sale of Wind Energy subsidiaries, held under IL&FS Wind Energy Limited (IWEL), to ORIX Corporation of Japan. With this transaction, Orix Corp will take full control of the 874 MW wind portfolio in India that is currently co-owned and controlled by India’s debt-ridden Infrastructure Leasing and Financial Services' (IL&FS).

 

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