Inox Wind Sells Stake in Subsidiary IRSL for ₹50 Crore
Inox Wind Limited is divesting a portion of its stake in subsidiary IRSL for approximately ₹50 Crore. This will reduce its shareholding from 88.84% to 87.98%. The transaction is expected to complete within 10 days.
The divestment is partial and the amount is relatively small compared to the company's overall scale, suggesting a minimal impact on its financial performance or market position.
The divestment of a stake in a subsidiary for a moderate amount is a routine corporate action and does not significantly alter the company's overall financial health or strategic direction.
Inox Wind Limited (the Company) has executed binding agreements, with the last one dated 29th June 2026, for the partial divestment of equity shares in its material subsidiary, Inox Renewable Solutions Limited (IRSL). The aggregate transaction value for this divestment is approximately ₹50 Crore.
Following the completion of this transaction, the Company's shareholding in IRSL will be reduced from 88.84% to 87.98%. IRSL, formerly known as Resco Global Wind Services Private Limited, reported a revenue of ₹564.05 Crore in FY 2025-26, contributing 12.83% to Inox Wind's consolidated revenue. Its net worth stood at ₹897.77 Crore, representing 14.07% of the company's consolidated net worth for the same period.
The sale of shares is to certain third parties and is considered a related party transaction, undertaken at arm's length. The completion of the sale is expected within the next 10 days from the agreement date.
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Inox Wind Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Inox Wind Limited. Read the original for the full detail.