Scheme of merger between Inox Wind Energy and Inox Wind approved
Awaiting price reaction for this filing.
The National Company Law Tribunal (NCLT), Chandigarh Bench has approved the merger of Inox Wind Energy Limited (IWEL) into Inox Wind Limited (IWL), with the order dated June 10, 2025. As a result of the merger, IWL's liabilities will reduce by approximately Rs 2,050 crores, strengthening its balance sheet. Under the share swap ratio, 632 equity shares of IWL will be allotted for every 10 equity shares of IWEL held, with shares expected to be credited within 1-1.5 months. The merger simplifies the wind business vertical of the INOXGFL Group by eliminating the holding company structure and giving promoters direct holding in Inox Wind. Management expects cost savings, improved operational efficiencies, and enhanced stakeholder value from the consolidation.
Positive for IWEL shareholders, who will receive IWL shares at a favorable swap ratio and benefit from a stronger combined entity. The Rs 2,050 crore reduction in liabilities improves IWL's financial profile, potentially supporting stock price sentiment for both stocks.