Inox Wind Limited (IWL) has received approval from the National Company Law Tribunal (NCLT) for the merger of Inox Wind Energy Limited (IWEL) with IWL.
The merger aims to streamline the wind energy business of the INOXGFL Group and improve operational efficiencies. As a result of the merger, IWL’s liabilities will be reduced by approximately Rs 20.50 billion. The consolidation is expected to generate synergies through economies of scale, improved resource utilisation, and simplified regulatory compliance. The restructuring will eliminate the holding company structure, resulting in a more direct shareholding by the INOXGFL Group promoters in IWL. Under the approved scheme, shareholders of IWEL will receive 632 equity shares of IWL for every 10 equity shares held in IWEL.
