Inox Wind Energy has sold an aggregate of 3,83,62,000 equity shares of its subsidiary -- Inox Wind (IWL), through block deals on the stock exchange viz. BSE, thereby raising around Rs 800 crore.
Post the aforesaid transaction, the Company's shareholding in its subsidiary, IWL decreased from 50.20% to 38.43%. Consequently, IWL ceased to be a subsidiary of the Company with effect from October 31, 2023.
Inox Wind Energy is engage in the business of generation and sale of wind energy and providing related services and to make investment in the shares, debentures and other securities of Renewable Energy Business.
