Inox Wind Energy Limited has informed the Exchange regarding a press release dated Jun 11, 2025, titled "Scheme of merger between Inox Wind Energy and Inox Wind approved".
Awaiting price reaction for this filing.
The NCLT Chandigarh Bench has approved the merger scheme between Inox Wind Energy Limited (IWEL) and Inox Wind Limited (IWL), with IWEL to be amalgamated into IWL. As a result, IWL's liabilities will reduce by approximately Rs 2,050 crore, strengthening its balance sheet. The merger simplifies the INOXGFL Group's wind business structure by removing the holding company layer, with promoters gaining direct holding in Inox Wind. Shareholders of IWEL will receive 632 equity shares of IWL (face value Rs 10 each) for every 10 equity shares of IWEL held, with shares expected to be credited within 1-1.5 months. The consolidation is expected to deliver cost savings, operational efficiencies, and enhanced stakeholder value.
IWEL shareholders will receive IWL shares per the swap ratio and effectively transition to being shareholders of the larger merged entity. IWL benefits from a leaner balance sheet with ~Rs 2,050 crore lower liabilities and a simplified group structure, which could support valuation rerating.