Announced Mon, 29 Jun · 19:16 IST
Inox Wind divests small stake in subsidiary IRSL for about Rs 50 Crore
INOXWIND · price
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Price reaction · full curve 14 horizons · vs prior close
+1.7%1-day move
₹88.10
prior close
₹88.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.4+0.8+0.5+0.3+1.7+2.0-0.3-1.4-2.5-6.9-10.3———
Up moveDown movePending
AI summary
Inox Wind is selling a small portion of its stake (about 0.86%) in material subsidiary Inox Renewable Solutions Limited (IRSL) for around Rs 50 Crore to third-party buyers. Post-deal, Inox Wind's holding in IRSL will drop from 88.84% to 87.98%. IRSL contributed 12.83% of consolidated revenue and 14.07% of net worth in FY26. The deal is a related party transaction at arm's length, expected to close within 10 days.
Likely market impact
Minor stake sale; Inox Wind retains control of IRSL at 87.98% post-deal. Limited material impact on shareholders.