Infrastructure India agrees to extend deadline for wind park sale
Indian fund Infrastructure India plc (LON:IIP) has agreed to push back the long-stop date for the sale of one of the two wind farms totalling 41.3 MW currently being divested.
The infrastructure fund, which focuses on the Indian market, is seeking to offload Indian Energy Mauritius Ltd’s entire shareholding in the two special purpose vehicles (SPV) holding the assets. Each vehicle will be sold to AVSR Constructions in a deal worth a total of INR 550 million (USD 7.2m/EUR 6.5m).
The long-stop date for the purchase agreement relating to one of the SPVs has been extended to April 4 from March 15, Infrastructure India said in a bourse filing. The date for the second transaction remains unchanged -- May 15.
Through the SPVs, independent power producer Indian Energy Mauritius owns a wind park in the state of Karnataka and another one in Tamil Nadu. The two plants are its only assets.
Infrastructure India noted that it will not have adequate funding to meet its liabilities in case the sale is not concluded and other financing options will need to be sought.
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02-2026
