1 year ago
Inox Wind Shares Jump Following Stake Sale in IRSL
Inox Wind, a company specializing in wind energy, saw its stock price go up after they sold some of their shares in another company called IRSL.
This sale valued IRSL at a large sum of money, showing the market's confidence in the company.
Experts still recommend buying shares in Inox Wind.
IRSL specializes in building wind farms.
Inox Wind's shares increased by 3% after selling shares in Inox Renewable Solutions Ltd (IRSL).
The sale of shares in IRSL valued the company at approximately Rs 7,400 crore.
The merger scheme involving Inox Green’s substation business and IRSL received clearance.
JM Financial maintains a 'Buy' rating on Inox Wind stock.
IRSL is a leading wind EPC provider in India with 14 years of experience.
- Who
- Inox Wind
- What
- Inox Wind sold shares in Inox Renewable Solutions Ltd.
- Where
- N/A
- When
- Tuesday's trade
- Why
- N/A
Key facts
- Share Price Increase
- 3%
- IRSL Valuation
- Rs 7,400 crore
- Company Involved
- Inox Wind
- Rating
- 'Buy'
- EPC Experience
- 14 years
Quotes
The company
The construction company Dilip Buildcon
“the construction of a viaduct and 14 elevated stations from Millennium City Centre to Sector 9 (inclusive) from chainage (-)381 m to 12,603 m, spur to Dwarka Expressway (1.85 km) and ramp to the depot at Sector 33, and an underpass at Bhaktawar Chowk, excluding PEB and architectural finishing works of the Gurugram Metro Corridor between Millennium City Centre and Cyber City (26.65 km) and the spur from Basai Village to Dwarka Expressway (1.85 Km) with a total of 27 stations”
businesstoday.in
