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Orix may block bids less than Rs 2,300 crore for IL&FS renewables

MUMBAI: Japanese financial services group Orix Corp may exercise its right of first refusal to acquire the renewable energy business of debt-laden IL&FS if bids in the auction process fall below the threshold price of Rs 2,300 crore, people directly familiar with the matter said. Orix, the second-largest shareholder of IL&FS, bought a 49% stake […]

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