New Delhi, June 30 -- Japan's financial services firm Orix Corp. on Monday said it will reenter a share transfer agreement to sell its 17.5% stake in Greenko Energy Holdings to AM Green Power B.V., in what will be among the largest transactions in India's green energy space.

Orix said in a statement that the decisions taken on Sunday also include reentering the agreement to invest in the convertible note issued by AM Green B.V, owned by founders of Greenko Group Anil Chalamalasetty and Mahesh Kolli. The deal is part of Orix's capital recycling strategy, with the transaction valuing Greenko Energy at $7.5 billion.

Mint reported about the $1.4 billion deal on Sunday and that the deal will be announced on Monday. Under the terms of the dea...