India: IL&FS raises $115m through sale of wind assets to Japan's Orix

The bankrupt shadow lending group Infrastructure Leasing and Financial Services (IL&FS) has completed the sale of its 51% stake in seven operating wind power assets, with 874 MW of generation capacity, to ORIX Corporation of Japan for ₹806 crore. This is the first sale of assets that the group has been able to close, and the company said it will repay the lenders in full.