Inox Wind Limited has informed the Exchange regarding a press release dated August 19, 2025, titled "Inox Wind sells stake worth Rs 175 crores in Inox Renewable Solutions at a valuation of Rs 7,400 crores".
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On the reaction day the stock moved 2.2 pts more than Nifty Smallcap 250 and 2.2 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Inox Wind Limited has sold a portion of its stake in its EPC subsidiary, Inox Renewable Solutions Ltd (IRSL, formerly Resco Global Wind Services), to investors for approximately Rs 175 crores. This values IRSL at around Rs 7,400 crores on a post-merger basis. The higher valuation follows the recent demerger of Inox Green's substation business and its merger into IRSL, which has received no-objection approval from stock exchanges. IRSL is among the top 2 wind EPC service providers in India with a 14-year track record. Inox Wind retains the rest of its holding in IRSL and continues to benefit from its ~3.1 GW orderbook and shared renewable energy infrastructure pipeline.
The stake sale validates IRSL's Rs 7,400 crores valuation and brings in fresh investor capital, which is a positive signal for the Inox Wind group's renewable energy business. Shareholders may view this as a value-unlocking step, though the parent company's earnings share in IRSL will reduce proportionally going forward.