March 7, 2017 / 10:26 AM / in 5 months

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

1 Min Read

March 7 (Reuters) - Gujarat Fluorochemicals Ltd

* 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: bit.ly/2mRtGDz Further company coverage:

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