Cash-strapped Infrastructure Leasing & Financial Services (IL&FS) Group on Wednesday said that it has initiated a process to sell its stake in the renewable energy business.
The renewable assets of the group include operating wind power plants with an aggregate capacity of 873.5-mw, and under-construction wind power plants worth 104 mw capacity. It also includes the solar power business, under which it has around 300-mw of under-construction projects.
Last week, the infra lender had announced plans to divest its stake in IL&FS Securities Services and