21
Tue, May

IL&FS Begins Process To Liquidate Wind & Solar Energy Portoflio

India
Typography

India's Infrastructure Leasing & Financial Services Ltd (IL&FS) said on Wednesday that it has launched a process to assess the interest of third parties in the company’s renewable energy businesses.

"As stated in the said report, it is the objective of the Board to achieve, by one or more plan(s), the resolution of the IL&FS group through certain measures, including asset divestment," the statement said.

 

The stake sale may be executed as a basket, or individually, or in any combination thereof, the company said in a statement.


IL&FS is looking to sell controlling stakes in an 873.5-MW operating wind park portfolio and 104 MW of under-construction wind farms as well as businesses that offer asset management and project development services. Also, it seeks to sell stakes in the business engaged in the development of solar projects, including 300 MW of photovoltaic solar projects.


It has hired Arpwood Capital Pvt Ltd and JM Financial Ltd as financial and transaction advisors, while Alvarez & Marsal will act as resolution consultants.

Advertisement

Translator

Advertisement
Advertisement

SolarQuarter Tweets

Follow Us For Latest Tweets

SolarQuarter Gujarat Largest Rooftop Solar Event is Back in Ahmedabad - https://t.co/hvfKU8siIr
Monday, 20 May 2019 06:35
SolarQuarter How did India solar tenders perform in 2018-19? Here's a snapshot! solarenergy solarnews energy… https://t.co/rEDOp84n27
Wednesday, 15 May 2019 20:12
SolarQuarter Who was awarded the maximum tenders in India in 2018-19? Here's a glimpse @SolarQuarter SolarQuarter… https://t.co/jUdsZVJ5VU
Wednesday, 15 May 2019 00:29

Advertisement