Record date fixed for IGESL-IRSL demerger scheme; share exchange ratio announced

Demerger Ratio AnnouncedStrategic Transactions View source PDF

INOXGREEN · price

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-0.9%1-day move

₹192.85

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₹194.00

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AI summary

Inox Green Energy Services (Demerged Company) has fixed Saturday, 1 August 2026 as the record date for its scheme of arrangement with Inox Renewable Solutions (Resulting Company/IRSL). Eligible shareholders of IGESL on the record date will receive 122 equity shares of IRSL (face value Rs 10 each) for every 1,000 equity shares (face value Rs 10 each) held in IGESL. The scheme has already become effective and there are no outstanding warrants, so no warrant-related ratio applies.

Likely market impact

Shareholders holding IGESL shares on 1 Aug 2026 will receive 122 IRSL shares per 1,000 IGESL shares held under the demerger scheme.