The NCLT approved the merger of Inox Wind Energy Ltd. with Inox Wind Ltd., streamlining operations and reducing liabilities by ₹2,050 crore. The move enhances efficiency, financial strength, and stakeholder value within the INOXGFL Group’s wind energy business.
On Wednesday share price of Inox Wind Energy jumped over 1.5% after the announcement of the merger between Inox Wind Energy and Inox Wind. As of 10:30 am IST, the stock price of Inox Wind Energy was trading at ₹11,364 per share, up by 0.34%, and Inox Wind was trading at ₹186.19 per share, down by 0.36%.
On a year-to-date basis, the stock price of Inox Wind Energy is up by 8.53% while in the last 12 months it is up by 57.68%.
On a year-to-date basis, the stock price of Inox Wind is up by 3.10% while in the last 12 months it is up by 22.92%.
The Hon'ble National Company Law Tribunal (NCLT), Chandigarh Bench, has given its approval for the scheme of merger between Inox Wind Energy Ltd (IWEL) and Inox Wind Ltd (IWL). The order, dated June 10, 2025, will see IWEL amalgamated into IWL, a move aimed at simplifying and streamlining the wind business vertical of the INOX Gujarat Fluorochemicals Limited (INOXGFL) Group and enhancing overall operational efficiencies.
This merger is expected to significantly strengthen IWL's financial position by reducing its liabilities by approximately ₹2,050 crores. The INOXGFL Group, a prominent business group in India's energy transition sector, highlighted several key benefits of this consolidation. These include a stronger and more financially robust merged balance sheet, synergies leading to improved efficiencies through cost savings, better resource utilisation, elimination of redundant functions, and streamlined regulatory compliance.
The simplified business structure will remove the holding company arrangement, with INOXGFL Group promoters now holding a direct stake in Inox Wind. This overall consolidation of businesses and the resulting financial and operational synergies are anticipated to enhance value for various stakeholders.
As part of the merger, shareholders of IWEL will receive 632 equity shares of face value of ₹10 each of IWL for every 10 equity shares of face value of ₹10 each of IWEL. The Record Date for this share allotment is yet to be determined, and the shares are expected to be credited to IWEL shareholders within 1 to 1.5 months, subject to regulatory processes and clearances.
On this landmark occasion, Mr. Devansh Jain, Executive Director, INOXGFL Group, said, “We thank the Hon’ble NCLT for approving the scheme of merger of IWEL into IWL. The merger is a significant achievement in the exciting journey of the INOXGFL Group, and brings closure to the last two years of efforts which our team had invested in this process. It is also a milestone for our consolidated wind business, in which over the same period we have been able to deliver a remarkable operational and financial turnaround and establish a strong base for exponential growth over the coming years. We believe that this merger is beneficial for all stakeholders, including the minority shareholders of IWEL, as well as for IWL, since it results in a leaner and more robust balance sheet for the company.
As a Group which is at the forefront of energy transition in India, we continue to achieve new highs every year. In line with the ambitious green targets of the Government of India, led by our Hon’ble PM Shri Narendra Modi ji himself, we continue to expand our operations and footprints across multiple segments in the clean energy space, and are strongly placed to capitalise on the large-scale impending opportunities over the next decade.”
The INOXGFL Group, with a legacy spanning over 90 years, is a leading business conglomerate in India with diversified interests. Its business segments include fluoropolymers, fluorochemicals, battery materials, wind and solar manufacturing, project development, and renewable power generation.
The Group is recognised for its deep integration within the green ecosystem and comprises four listed entities: Gujarat Fluorochemicals Limited (GFL), Inox Wind Limited, Inox Green Energy Services Limited, and Inox Wind Energy Limited. With a market capitalisation of approximately US$ 11 billion, the Group has also ventured into solar manufacturing through Inox Solar under Inox Clean Energy Ltd., and is actively expanding its renewable power generation business via Inox Neo Energies. The INOXGFL Group aims to drive global progress and contribute to a greener future through its diverse portfolio, global presence, and corporate social responsibility initiatives.
Disclaimer: The article is for informational purposes only and not investment advice.
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