Inox Wind Limited has informed the Exchange about fixation of record date pursuant to Scheme of Arrangement
INOXWIND · price
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Inox Wind Limited has fixed Saturday, 21st June 2025 as the record date for a scheme of arrangement to merge Inox Wind Energy Limited (IWEL) into itself. Under the approved scheme, IWEL shareholders will receive 632 equity shares of Inox Wind Limited (face value Rs. 10) for every 10 equity shares held in IWEL. The scheme is being implemented under Sections 230-232 of the Companies Act, 2013, the NCLT route for corporate restructuring. The share exchange ratio was earlier disclosed on 25th April 2024, and the record date is now being set to identify eligible IWEL shareholders. This is a group-level consolidation where a related entity is being absorbed into the listed company.
IWEL shareholders on the record date will become shareholders of the listed Inox Wind Limited at the 632:10 ratio, gaining direct exposure to the listed entity. For existing Inox Wind Limited shareholders, this consolidation brings operations of a related entity under one listed roof, which may simplify the group structure.