Inox Wind Energy Limited (IWEL) has officially merged with Inox Wind Limited (IWL), following approval from the Hon’ble NCLT, Chandigarh Bench on May 23, 2025. This strategic merger is aimed at enhancing operations, improving financial health, and streamlining the INOXGFL Group’s wind energy vertical.
The merger is expected to result in a more robust balance sheet and significantly reduce liabilities, positioning the combined entity for long-term stability and growth in the renewable energy sector.
As part of the merger scheme, eligible shareholders of IWEL will receive 632 equity shares of IWL (â‚ą10 face value) for every 10 equity shares held in IWEL. This adjusted swap ratio accounts for the 3:1 bonus issue announced by IWL in April 2024. The original scheme proposed a swap ratio of 158 equity shares and 158 share warrants of IWL for every 10 equity shares and 10 share warrants of IWEL.
Record Date: June 21, 2025
What do you think about this order by the NCLT? Feel free to use this thread to discuss.