Inox Wind divests partial stake in subsidiary IRSL for about Rs 50 Crore
INOXWIND · price
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Inox Wind Ltd has executed binding agreements to partially divest equity shares of its material subsidiary Inox Renewable Solutions Ltd (IRSL) for about Rs 50 Crore. The transaction will reduce Inox Wind stake in IRSL from 88.84% to 87.98%. IRSL contributed Rs 564.05 Crore (12.83%) to consolidated revenue and Rs 897.77 Crore (14.07%) to net worth in FY 2025-26. Shares were sold to third parties, not promoters. The deal is a related party transaction done at arm's length. Completion expected within 10 days.
Minor stake sale in subsidiary; cash inflow of about Rs 50 Cr, with control virtually unchanged as holding drops only 0.86%.