Inox Wind Limited has informed the Exchange regarding 'Allotment of equity shares pursuant to the Scheme of Arrangement '.
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 Limited has completed the allotment of 76.14 crore equity shares (Rs. 10 face value) to shareholders of Inox Wind Energy Limited, following the merger scheme sanctioned by the NCLT Chandigarh Bench on 23rd May 2025. The share swap ratio was 632 equity shares of Inox Wind Limited for every 10 shares held in Inox Wind Energy Limited. As part of the scheme, 44.11 crore equity shares and 195 crore 0.01% preference shares held by Inox Wind Energy Limited in Inox Wind were cancelled. Post-allotment, the company's paid-up equity capital stands at Rs. 1,624.13 crore (162.41 crore shares), up from Rs. 1,303.79 crore earlier, while preference share capital reduced sharply from Rs. 2,510 crore to Rs. 560 crore. The promoter group's holding now stands at 44.18% of the expanded equity base.
This is the final step in the merger of Inox Wind Energy into Inox Wind Limited, consolidating the group's wind energy businesses under one listed entity. Shareholders of Inox Wind Energy receive Inox Wind shares, but the expanded share count and cancellation of preference shares may dilute existing shareholders' stakes. The stock may see technical adjustments on the ex-date for the entitlement.