Company Profile

In continuation to its earlier intimation dated 12th June, 2023, wherein it was informed that the Board of Directors of Inox Wind Energy (the company) had approved the Scheme of Arrangement between Inox Wind Energy (‘IWEL’ or ‘Transferor Company’) and Inox Wind (‘IWL' or ‘Transferee Company’) and their respective shareholders (‘Scheme’), subject to receipt of applicable regulatory approvals. The Company, thereafter, had filed the application with BSE (BSE) and the National Stock Exchange of India (NSE) under Regulation 37 of the Listing Regulations, seeking their Observation/ No objection to the proposed Scheme. In this regard, Inox Wind Energy has informed that, BSE and NSE, vide their letters dated 27th December, 2023, have issued their Observation Letters as required under Regulation 37 of the Listing Regulations with 'No adverse observation/ No objection', to the proposed Scheme. Copies of observation letter of NSE and BSE are attached. The copy of this intimation is also available on the website of BSE (www.bseindia.com), National Stock Exchange of India (www.nseindia.com) and website of the Company: www.iwel.co.in.

The above information is a part of company’s filings submitted to BSE.

Inox Wind Energy (IWEL) has completed infusion of Rs 800 crore (before taxes and fees) into the Inox Wind (IWL). This strategic action marks another significant milestone in IWL's journey towards financial sustainability and profitability.

On October 31, 2023, IWL’s promoter, IWEL, completed the successful fund raise of Rs 800 crore through an equity share sale of IWL on the stock exchanges, facilitated via block deals, witnessing participation of several marquee long-only foreign and domestic investors. The funds received will be utilized to repay IWL’s existing debt.

Inox Wind Energy is engaged in the business of generation and sale of wind energy and providing related services and to make investment in the shares, debentures and other securities of Renewable Energy Business.

Inox Wind Energy is currently trading at Rs. 4107.45, up by 212.80 points or 5.46% from its previous closing of Rs. 3894.65 on the BSE.

The scrip opened at Rs. 3800.05 and has touched a high and low of Rs. 4200.00 and Rs. 3800.05 respectively. So far 2213 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 4200.00 on 04-Dec-2023 and a 52 week low of Rs. 824.00 on 23-Dec-2022.

Last one week high and low of the scrip stood at Rs. 4200.00 and Rs. 3489.90 respectively. The current market cap of the company is Rs. 4906.98 crore.

The promoters holding in the company stood at 69.51%, while Institutions and Non-Institutions held 6.85% and 23.64% respectively.

Inox Wind Energy (IWEL) has completed infusion of Rs 800 crore (before taxes and fees) into the Inox Wind (IWL). This strategic action marks another significant milestone in IWL's journey towards financial sustainability and profitability.

On October 31, 2023, IWL’s promoter, IWEL, completed the successful fund raise of Rs 800 crore through an equity share sale of IWL on the stock exchanges, facilitated via block deals, witnessing participation of several marquee long-only foreign and domestic investors. The funds received will be utilized to repay IWL’s existing debt.

Inox Wind Energy is engaged in the business of generation and sale of wind energy and providing related services and to make investment in the shares, debentures and other securities of Renewable Energy Business.

Inox Wind Energy has sold an aggregate of 3,83,62,000 equity shares of its subsidiary -- Inox Wind (IWL), through block deals on the stock exchange viz. BSE, thereby raising around Rs 800 crore. 

Post the aforesaid transaction, the Company's shareholding in its subsidiary, IWL decreased from 50.20% to 38.43%. Consequently, IWL ceased to be a subsidiary of the Company with effect from October 31, 2023. 

Inox Wind Energy is engage in the business of generation and sale of wind energy and providing related services and to make investment in the shares, debentures and other securities of Renewable Energy Business.