Archive · 11 Jun 2025
NCLT Approves Inox Wind Energy and Inox Wind Merger
The Chandigarh branch of NCLT gave the okay for Inox Wind Energy Ltd and Inox Wind Ltd to join forces.
This simplifies the wind energy part of the INOXGFL Group and makes things run better.
Shareholders of Inox Wind Energy Ltd will get shares in Inox Wind Ltd.
This merger helps save money, strengthens the company's finances, and is good for everyone involved.
Shareholders should get their new shares within 1-1.5 months.
It streamlines the business and lowers debt.
An executive director from the INOXGFL Group said this merger is a big win.
NCLT approved the merger of Inox Wind Energy Ltd and Inox Wind Ltd.
The merger streamlines the wind business of the INOXGFL Group.
IWL's liabilities will be reduced by ₹2,050 crore.
IWEL shareholders will receive 632 IWL shares for every 10 IWEL shares.
The merger is expected to be completed within 1-1.5 months.
- Who
- Inox Wind Energy Ltd, Inox Wind Ltd, and the INOXGFL Group
- What
- NCLT approved the merger of Inox Wind Energy Ltd with Inox Wind Ltd.
- When
- Approved on Tuesday, June 10, 2025
- Where
- Chandigarh bench of National Company Law Tribunal (NCLT)
- Why
- To streamline the wind business and improve operational efficiencies.
- Companies Involved
- Inox Wind Energy Ltd, Inox Wind Ltd, INOXGFL Group
- Approval Date
- Tuesday, June 10, 2025
- Expected Completion
- 1-1.5 months
- Share Exchange
- 632 IWL shares for every 10 IWEL shares
- Liabilities Reduction
- ₹2,050 crore
- Executive Director
- Devansh Jain
Sources
Inox Wind Energy, Inox Wind shares in focus as NCLT approves merger; key details
Inox Wind Energy, Inox Wind shares in focus as NCLT approves merger; record date to be declared shortly
NCLT approves merger of Inox Wind Energy & Inox Wind
Chandigarh Bench Of National Company Law Tribunal Approves Merger Of Inox Wind Energy; Operational Efficiencies To Improve
