INOXGREEN Completes ₹550 Crore Acquisition of WWIL's O&M Business via Subsidiary Vibhav
INOXGREEN, through its subsidiary Vibhav Energy, has acquired the O&M business of Wind World (India) Limited for ₹550 Crore. The company infused ₹450 Crore, comprising ₹250 Crore in equity and ₹200 Crore via inter-corporate deposit. Authum contributed ₹100 Crore.
The acquisition involves a substantial amount of ₹550 Crore, which will impact the company's financial structure and operational capacity.
The acquisition of a significant business undertaking is a positive development for the company's growth and market position.
Inox Green Energy Services Limited (IGESL) has announced the completion of its acquisition of the operation and maintenance (O&M) business undertaking of Wind World (India) Limited (WWIL). The acquisition was executed through its wholly-owned subsidiary, Vibhav Energy Private Limited (Vibhav), via a Business Transfer Agreement (BTA).
Vibhav has paid the full lump sum amount of ₹550 Crore towards the cost of this acquisition on 6th October, 2026. This amount is subject to the satisfaction of conditions precedent specified in the BTA.
Out of the total purchase consideration, IGESL infused ₹450 Crore into Vibhav. This included a cash consideration of ₹250 Crore via subscription to Vibhav's equity shares and an inter-corporate deposit of ₹200 Crore. A portion of this deposit, ₹50 Crore, is convertible into equity or securities of Vibhav at a future date. Authum Investment & Infrastructure Limited infused the remaining ₹100 Crore into Vibhav through inter-corporate deposits, also convertible into equity or securities in the future.
The acquisition is part of the resolution plan approved by the National Company Law Tribunal (NCLT) for WWIL. The Implementation and Monitoring Committee (IMC) had extended the completion period for the transfer of the O&M business to Vibhav up to 8th October, 2026.
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Inox Green Energy Services Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Inox Green Energy Services Limited. Read the original for the full detail.