DK Business Network
The National Company Law Tribunal (NCLT), Ahmedabad bench, has approved the merger of Inox Wind Energy Limited (IWEL) with Inox Wind Limited.
The merger will result in Inox Wind becoming the sole listed entity, with IWEL shareholders receiving shares of Inox Wind in a swap arrangement as part of the composite scheme. The transaction is expected to simplify the group structure, enhance operational efficiencies, and improve financial flexibility.
In a regulatory filing, Inox Wind confirmed that the NCLT has sanctioned the scheme of amalgamation under Sections 230–232 of the Companies Act, 2013. The record date for share allotment and the implementation timeline is expected to be announced shortly.
The move is in line with Inox Group’s broader strategy to streamline its clean energy businesses and enhance shareholder value. The merger is also likely to improve liquidity and ease capital raising by consolidating assets and operations under a single listed platform.
Inox Wind operates in the wind energy solutions space and is involved in manufacturing wind turbine generators and project execution. The merger further strengthens its positioning as a vertically integrated player in India’s renewable energy market.
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