Inox Green Energy Services has entered into share purchase agreements on December 06, 2024, to sell the entire issued and paid-up equity share capital, comprising of 10,000 equity shares of Rs 10 each of its two wholly owned subsidiaries i.e. Flurry Wind Energy and Flutter Wind Energy for cash consideration at par to Aliento Wind Energy.
Pursuant to the aforesaid shares purchase agreements, the entire equity shares have been transferred on December 06, 2024 and as a result, the aforementioned companies cease to be the subsidiaries of the Company with effect from December 06, 2024.
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.
