Inox Wind Limited has informed the Exchange regarding a press release dated Jun 11, 2025, titled "Scheme of merger between Inox Wind Energy and Inox Wind approved".
INOXWIND · price
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Awaiting price reaction for this filing.
The National Company Law Tribunal (NCLT), Chandigarh Bench has approved the scheme of merger of Inox Wind Energy Limited (IWEL) into Inox Wind Limited (IWL), with the order dated 10th June 2025. As a result, IWL's liabilities will reduce by approximately Rs 2,050 crore, strengthening its balance sheet significantly. Under the share swap ratio, 632 equity shares of IWL (face value Rs 10) will be allotted for every 10 equity shares of IWEL held, with shares expected to be credited to IWEL shareholders within 1-1.5 months. The merger eliminates the holding-subsidiary structure, giving INOXGFL Group promoters direct holding in Inox Wind, and is expected to deliver cost savings, operational synergies, and stakeholder value enhancement.
Positive for Inox Wind shareholders — the merger brings a Rs 2,050 crore debt reduction, a cleaner balance sheet, and improved operational efficiencies. IWEL shareholders will receive IWL shares at the approved swap ratio, effectively gaining exposure to a leaner, stronger entity within the INOXGFL Group.