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Last Updated : Jun 01, 2011 10:25 AM IST | Source: CNBC-TV18

IL&FS may sell entire stake in Orix auto infra to Hertz

Infrastructure Leasing and Financial Services (IL&FS) is likely to sell its entire stake in Orix Auto Infra services, a joint venture company with Japanese financial service firm Orix Corporation and IL&FS to Hertz, reports CNBC-TV18 quoting sources.

 
 
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Infrastructure Leasing and Financial Services (IL&FS) is likely to sell its entire stake in Orix Auto Infra services, a joint venture company with Japanese financial service firm Orix Corporation and IL&FS to Hertz, reports CNBC-TV18 quoting sources.


CNBC-TV18 learns that the said deal is to be valued around Rs 300-400 crore.


Orix Corporation has a 24% stake in IL&FS for about USD 1.2 billion (Rs 120 crore), which Indian giant Reliance Industries was interested in buying.

At present, Orix is also eyeing to buy US-based private equity firm TPG Capital

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First Published on May 31, 2011 09:00 pm