India, June 29 -- ORIX Corp. (IX), a Japanese diversified financial services group, announced that it has entered into a share transfer agreement to sell 17.5% of its 20% stake in Greenko Energy Holdings-an affiliate company-to AM Green Power B.V., a wholly owned subsidiary of AM Green B.V. or "AMG", for $1.282 billion.
AM Green B.V. or "AMG" was established by the founders of Greenko and is a next generation energy company.
In addition, ORIX will invest approximately $731 million in a convertible note issued by AM Green (Luxembourg) S.a.r.l, the parent entity that holds all shares of AMG.
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