In Short : The IL&FS Group has announced the successful discharge of debt worth Rs 35,650 crore by September 23. This development represents a significant step in resolving financial challenges within the IL&FS Group. By reducing its debt burden, the company is taking essential steps toward financial stability, instilling confidence in investors, and contributing positively […]
In first resolution for IL&FS group, Japan’s Orix to buy its wind energy assets
Orix Corporation, which already holds 49 percent stake in these seven wind energy SPVs, will buy the remaining 51 percent stake from IL&FS to take 100 percent control. The IL&FS Energy vertical houses over Rs 14,000 crore of the total group debt of over Rs 90,000 crore. The key lenders to these seven wind energy […]
Japan’s ORIX Corp offers to match GAIL’s bid for IL&FS Wind Energy
ORIX owns 49 per cent stake in IL&FS’ wind portfolio, and GAIL has emerged the highest bidder for the remaining 51 per cent stake in these assets GAIL’s ambition to expand its renewable portfolio through Il&FS’ wind portfolio faces a new hurdle. ORIX Corporation of Japan (ORIX) has now expressed its intent to exercise its […]
