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Inox Wind Ltd. ( (IN:INOXWIND) ) has issued an update.
Inox Wind Limited has announced the divestment of 49,57,142 equity shares of its material subsidiary, Inox Renewable Solutions Limited (IRSL), for approximately Rs. 175 Crore. This transaction reduces Inox Wind’s stake in IRSL from 91.90% to 88.84%. The divestment is part of a strategic move to optimize the company’s holdings and does not involve any related party transactions, as the shares were sold to third parties.
More about Inox Wind Ltd.
Inox Wind Limited operates in the renewable energy sector, focusing on wind energy solutions. The company is involved in the manufacturing and sale of wind turbine generators and provides turnkey solutions for wind farm projects.
Average Trading Volume: 472,450
Technical Sentiment Signal: Sell
Current Market Cap: 301.1B INR
See more data about INOXWIND stock on TipRanks’ Stock Analysis page.