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Il&fs Board Seeks Nclt Nod To Sell Wind Assets To Orix Corp For Rs 4,800 Cr | Business Standard News
Posted on: Aug. 20, 2019, 12:01 p.m.
NCLT directed the IL&FS counsel to file a written submission on Wednesday. : The IL&FS Board on Tuesday sought the approval of the National Company Law Tribunal (NCLT) to sell seven wind assets to Japan's Orix Corporation for Rs 4,800 crore, which will help reduce its debt burden of Rs 94,000 crore. Orix Corporation of Japan is already an equity partner in the group and owns 49 per cent stake in each of these seven operating wind power plants. Full investment news articleRelevent to this post: Michigan State University Office of Investments University of Nebraska Foundation,