Chandigarh NCLT approves Inox Wind companies' merger

economictimes.indiatimes.com

The National Company Law Tribunal approved the merger of Inox Wind Energy Limited with Inox Wind Limited, simplifying the INOXGFL Group's structure. The merger aims to improve the group's financial health and reduce debt by approximately ₹2,050 crore, according to a regulatory filing. The combined company will benefit from a stronger balance sheet and increased operational efficiency. This consolidation eliminates a separate holding company, giving promoters direct holdings in Inox Wind and streamlining regulatory compliance.


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