BRIEF-Gujarat Fluorochemicals' Inox Group sells operating wind farms to Leap Green Energy

  • Reuters
  • Stock Market News
BRIEF-Gujarat Fluorochemicals' Inox Group sells operating wind farms to Leap Green Energy
Credit: © Reuters.

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: Further company coverage: GFLR.NS

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