NCLT approves Inox Wind Energy, Inox Wind merger

The National Company Law Tribunal approved the merger of Inox Wind Energy Ltd (IWEL) with Inox Wind Ltd (IWL), a move expected to strengthen the INOXGFL Group's position in renewable energy. Shareholders of IWEL will receive 632 shares of IWL for every 10 shares held, with the merger expected to finalize within 1.5 months. The merger aims to streamline operations, reduce liabilities by approximately Rs 2,050 crore, and enhance financial stability. The merger simplifies the group's structure and is part of INOXGFL's strategy to capitalize on opportunities in India's growing clean energy sector, supporting the nation's green energy goals.