Orix Announces Plan to Sell Stake in Greenko to Promoter; Invest $750 Mn in AM Green

Greenko founders secure $650 million private credit deal to buy back Orix Stake

Greenko founders secure $650 mn private credit loan to repurchase 17.5% Orix stake via AM Green; Orix retains 2.5% and invests $731 mn in convertible notes.

Orix announces plan to sell stake in Greenko to promoter; invest $750 mn in AM Green

Orix plans to sell its 17.5% stake in Greenko Energy to AM Green Power B.V., owned by founders of Greenko Group Anil Chalamalasetty and Mahesh Kolli. Orix will invest in the convertible note issued by AM Green, owned by Greenko Group founders

Orix to Sell $1.3 Billion Stake in Greenko to Founders

Orix Corp. will sell most of its stake in Greenko Energy Holdings back to the Indian clean energy producer’s founders for $1.28 billion.

ORIX finalises Greenko share transfer deal

ORIX has re-entered a share transfer agreement, selling 17.5% holdings in affiliate company Greenko Energy to AM Green Power.

Greenko Co-Founder’s Acquires Stake From Orix; $1.28 Billion Deal Boosts Energy Ambitions

AM Green is owned by the founders of Greenko, Anil Chalamalasetty and Mahesh Kolli. Post this transaction, AMG will own around 25 per cent of Greenko, whose largest owner is Singapore's sovereign wealth fund GIC Pte with a 58 per cent stake.

AM Green to buy 17.5% stake in Greenko from Orix for $1.28 billion

Orix Corporation will sell its 17.5% stake in Greenko Energy to AM Green for $1.28 billion, while investing $731 million in AM Green's convertible note for a 10% stake. This two-pronged transaction will increase Chalamalasetty and Kolli's ownership in Greenko to 28%, valuing the renewable utility at $7.5 billion.