IL&FS completes wind power units sale to Orix for RS 4,800 crore

This move gives Orix, which previously owned 49% stake a 100 % ownership in each of the seven projects. The entire debt of around Rs 3,700 crore held in the seven SPVs will now be with Orix thereby resulting in no haircuts for the lenders.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Mnx2th