NCLT approves resolution plan for Wind World (India) Limited

Nclt Resolution ApprovedRegulatory & Legal View source PDF Explain this filing

INOXGREEN · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-5.5%Reaction day

₹193.70

prior close

₹194.68

announcement price

After-mkt

timing

Nifty Microcap 250market+0.5%-6.0% vs market

Diversified Commercial Services peers, median of 73sector+0.1%-5.6% vs sector

On the reaction day the stock moved 6.0 pts less than Nifty Microcap 250 and 5.6 pts less than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.6

10m

-0.8

15m

-2.0

30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.5+0.5-6.0+0.1-5.6

Next day

-8.5-0.1-8.4+0.0-8.5

-10.2+1.0-11.1-0.0-10.2

-11.6+2.3-13.9+0.9-12.4

-7.8+2.8-10.6+1.6-9.4

-7.6+4.1-11.7+2.1-9.6

-8.0+4.5-12.5+2.1-10.0

15d

-10.1+4.8-14.9+0.0-10.1

-13.9+6.4-20.4+0.2-14.1

-15.6+5.5-21.1-3.0-12.6

-44.8pendingpending-8.4-36.4

UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 73Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NCLT Ahmedabad has orally approved the resolution plan for Wind World (India) Limited, submitted by a consortium of Inox Neo Energies Limited and Authum Investment and Infrastructure. Under the plan, INOX Group companies will acquire Wind World's independent power producer and power sale undertaking, plus its operations and maintenance business. Authum will take certain real estate and other assets. A written certified copy of the order is awaited.

Likely market impact

Positive for INOX Green as it expands wind energy operations by acquiring Wind World's IPP and O&M business, pending written order.