Announced Wed, 7 Oct, 2026 · 07:23 IST
Inox Green's unit pays Rs 550 Cr to acquire WWIL O&M business
INOXGREEN · price
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Price reaction · full curve 14 horizons · vs prior close
-21.1%1-day move
₹147.00
prior close
₹146.59
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.2-3.9-4.9-7.0-21.1—————————
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AI summary
Inox Green's wholly owned subsidiary Vibhav Energy has fully paid Rs 550 Crore to acquire the Operations and Maintenance business of Wind World (India) Limited under an NCLT-approved resolution plan. The plan was submitted by consortium of Inox Neo Energies and Authum Investment. Inox Green infused Rs 450 Cr into Vibhav via Rs 250 Cr equity subscription and Rs 200 Cr inter-corporate deposit, while Authum contributed Rs 100 Cr as ICD.
Likely market impact
Major capital deployment of Rs 450 Cr to expand O&M business portfolio via subsidiary. Related party transaction done at arms length, no change in subsidiary ownership.