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Inox Green Energy Services to acquire 51% stake in Resowi Energy

23 Sep 2023 Evaluate

Inox Green Energy Services (IGESL) has entered into a Share Subscription cum Shareholders' Agreement with Resowi Energy (Target Company) on September 22, 2023 to subscribe to the fresh Equity Shares of the Target Company on a private placement basis which will result in the Company acquiring majority stake of 51% in the post share capital of the Target Company. 

The Target Company is engaged in the business of operations and maintenance of Wind turbine generators (WTGs) and has capabilities to service 2 MW and higher rated WTGs of several OEMs operating in India & Sri Lanka. The acquisition will enhance IGESL's expertise to offer its services to a wider customer base.

Inox Green Energy Services is one of the major wind power operations and maintenance (O&M) service providers within India. The Company is engaged in the business of providing long-term O&M services for wind projects.

Inox Green Enrgy Ser Share Price

163.20 -1.10 (-0.67%)
17-Apr-2026 16:59 View Price Chart
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