Brief: Gujarat Fluorochemicals' Inox Group sells operating wind farms to Leap Green Energy

GFL

07/03/2017 10:16

March 7 (Reuters) - Gujarat Fluorochemicals Ltd  GFLR.NS  
    * Says Inox Group sells operating wind farms to Leap Green 
Energy 
    * Says transaction expected to complete within next few 
months 
    * Says unit Inox Renewables to sell all operating wind farms 
on slump sale basis for undisclosed price 
    * Says deal to reduce co's debt of around 8 billion rupees 
    * Says transaction will help increase Leap Green's operating 
capacity to upto 762 MW 
    * Says UBS acted as sole financial advisor on the 
transaction 
    * Says deal will decrease leverage of GFL at consolidated 
level 
    * Says Khaitan & Co advised Inox Group on the transaction 
    * Says MD&T Partners advised Leap Green Energy on the 
transaction 
 
Source text: http://bit.ly/2mRtGDz 
Further company coverage:  GFLR.NS  
 
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