Inox Wind Limited Executes Partial Divestment of Stake in Subsidiary IRSL for Rs. 50 Crore
Inox Wind Limited has announced a partial divestment of equity shares in its material subsidiary, Inox Renewable Solutions Limited (IRSL). The binding agreements for this transaction were executed on June 29, 2026, with the aggregate transaction value estimated at approximately Rs. 50 Crore.Following the completion of the divestment, Inox Wind Limited’s shareholding in IRSL is expected to decrease from 88.84% to 87.98%.
The sale involves the partial divesting of equity shares of face value Rs.10/- each in Inox Renewable Solutions Limited. The shares are being sold to certain third parties, none of whom are part of the promoter or promoter group of Inox Wind Limited.
Transaction and Subsidiary Details
Inox Wind Limited confirmed that the transaction is categorized as a related party transaction and has been undertaken at arm's length. IRSL, which was formerly known as Resco Global Wind Services Private Limited, contributed significantly to the company's financial performance in Fiscal Year 2025-26.Details regarding the subsidiary and the divestment terms are provided below:
| Particular | Details |
|---|---|
| Subsidiary Name | Inox Renewable Solutions Limited (IRSL) |
| Agreement Date | June 29, 2026 |
| Transaction Value | Approximately Rs. 50 Crore |
| Completion Timeline | Expected to be completed within the next 10 days |
| Pre-Divestment Stake | 88.84% |
| Post-Divestment Stake | 87.98% |
The financial contributions of IRSL in FY 2025-26 were substantial:
| Financial Metric (FY 2025-26) | Value | Contribution to Parent Company |
|---|---|---|
| Revenue | Rs. 564.05 Crore | 12.83% of consolidated revenue |
| Net Worth | Rs. 897.77 Crore | 14.07% of consolidated net worth |
The subsidiary, IRSL, holds a Paid-up Capital of Rs. 161,94,12,560, comprising 16,19,41,256 equity shares of face value Rs.10/- each.
INOXWIND Stock Price Movement
Inox Wind Limited's shares settled down today, shedding 1.46% to close at ₹88.18 in post-market trading. The equity recorded a total traded volume of 7,737,371 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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