Inox Wind has entered into share purchase agreement to sell the entire issued and paid-up equity share capital of Rs 1,00,000 comprising of 10,000 equity shares of Rs 10 each of Waft Energy, a wholly owned subsidiary of the Company, to Resco Global Wind Services, a subsidiary of the Company, for cash consideration, at par.
Consequent upon the said sale, the aforementioned wholly owned subsidiary shall become the step-down subsidiary of the Company. The said sale is likely to be completed on or before November 15, 2024.
Inox Wind is India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs & Corporate Investors.
