NCLT approves demerger of Power Evacuation Business into Inox Renewable Solutions

Demerger Ratio AnnouncedCore Business DivestedNclt Scheme FiledStrategic Transactions View source PDF

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AI summary

NCLT Ahmedabad approved the demerger of Inox Green's Power Evacuation Business into Inox Renewable Solutions Ltd (formerly Resco Global Wind Services). Share entitlement ratio: 122 equity shares of Inox Renewable for every 2,000 shares of Inox Green; 122 warrants of Inox Renewable (INR 205 each) for every 1,000 Inox Green warrants. Appointed date: Oct 1, 2024. Post-demerger, Inox Green becomes a pure-play wind turbine O&M company. All shareholders, creditors and warrant holders approved the scheme.

Likely market impact

Demerger cleared. Shareholders of Inox Green to receive Inox Renewable Solutions shares. Both entities gain focused business profiles.