{"id":283929,"date":"2019-07-23T06:06:38","date_gmt":"2019-07-23T06:06:38","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=283929"},"modified":"2019-07-23T06:08:51","modified_gmt":"2019-07-23T06:08:51","slug":"ilfs-gets-approval-for-sale-of-wind-projects-to-orix-corp","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ilfs-gets-approval-for-sale-of-wind-projects-to-orix-corp\/","title":{"rendered":"IL&amp;FS gets approval for sale of wind projects to Orix Corp"},"content":{"rendered":"<p>MUMBAI: Cash strapped Infrastructure Leasing and Financial Services (IL&amp;FS) Monday said it has received approval from NCLAT appointed Justice (Retd) D K Jain for the proposed sale of its balance 51 per of stake in seven wind energy subsidiaries to Orix Corporation of Japan. <\/p>\n<p>Justice Jain who has been appointed by the NCLAT to supervise the operation of the resolution process of IL&amp;FS group companies, the company said in a release. <\/p>\n<p>The wind energy subsidiaries are held under IL&amp;FS Wind Energy Ltd (IWEL). <\/p>\n<p>Currently, Orix Corporation owns 49 per cent stake in each of 7 operating wind power plants of the Group and had expressed its intent to buy out the remaining 51 per cent stake held by IWEL. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Cash strapped Infrastructure Leasing and Financial Services (IL&amp;FS) Monday said it has received approval from NCLAT appointed Justice (Retd) D K Jain for the proposed sale of its balance 51 per of stake in seven wind energy subsidiaries to Orix Corporation of Japan. Justice Jain who has been appointed by the NCLAT to supervise the operation of the resolution process of IL&amp;FS group companies, the company said in a release. The wind energy subsidiaries are held under IL&amp;FS Wind Energy Ltd (IWEL). Currently, Orix Corporation owns 49 per cent stake in each of 7 operating wind power plants of [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-283929","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/283929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=283929"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/283929\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=283929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=283929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=283929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}