Inox Leasing and Finance Limited has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
INOXWIND · price
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Inox Leasing and Finance Limited and other promoter group entities have acquired 52,92,18,280 equity shares (about 52.9 crore shares) of Inox Wind Limited through an allotment made on 24th June 2025. This allotment happened because of the merger of Inox Wind Energy Limited into Inox Wind Limited, which was approved by the NCLT Chandigarh bench on 23rd May 2025. Under the merger, shareholders of Inox Wind Energy received 632 equity shares of Inox Wind for every 10 shares they held. As a result, Inox Wind's total share capital increased from about 130.38 crore shares to 162.41 crore shares. The acquirers have claimed exemption under Regulation 10(1)(d)(ii) from making an open offer because the acquisition is part of a court-approved scheme. Promoter shareholding rose sharply – for example, Inox Leasing's stake jumped from 5.02% to 26.66%, and Devansh Trademart LLP's stake rose from 4.19% to 9.17%.
Existing shareholders see no open offer obligation, which removes near-term selling pressure typically associated with large acquisitions. However, promoter group entities now hold a significantly larger stake in the company, increasing their influence over decisions. The merger consolidates the wind energy business under a single listed entity.