Mumbai: Bankrupt infra major IL&FS on Thursday completed the sale of its 51 percent stake in seven wind power special purpose vehicles to Orix Corporation of Japan for Rs 4,800 crore.
With this, Orix, which previously owned 49 percent in each of these seven projects, now has 100 percent ownership, the company said in a statement.
The seven wind power plants,, held through seven special purpose vehicles through IL&FS Wind Energy, are spread across 12 states with a total generation capacity of 874 mw and have a combined debt of around Rs 3,700 crore.