Inox Wind Limited has informed the Exchange about Intimation regarding disinvestment of shares of Company s material subsidiary
INOXWIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Inox Wind has sold 49,57,142 equity shares of its material subsidiary Inox Renewable Solutions Limited (IRSL) for an aggregate value of approximately Rs. 175 Crore. This transaction reduces Inox Wind's shareholding in IRSL from 91.90% to 88.84%, a minor dilution of about 3 percentage points. IRSL contributed Rs. 217.98 Crore (6%) of consolidated revenue and Rs. 935 Crore (14%) of consolidated net worth in FY25. The buyers are unrelated third parties and the transaction is not a related party deal, with completion expected within 7 days.
Inox Wind retains majority control (~89%) in IRSL, so the operational impact is limited. The Rs. 175 Crore inflow strengthens cash position, likely to be used for debt reduction or growth funding. Shareholders should view this as a minor stake monetization rather than a strategic shift.