Inox Wind shares gained more than 4% in early morning trade on Tuesday after the company announced a stake sale worth about ₹175 crore in its subsidiary, Inox Renewable Solutions Ltd. (IRSL). The deal values IRSL, formerly known as Resco Global Wind Services Pvt. Ltd., at nearly ₹7,400 crore.
The company said it has divested 49,57,142 equity shares of ₹10 each in IRSL to independent third-party investors through agreements executed on August 18, 2025. Following the transaction, Inox Wind’s shareholding in IRSL will reduce from 91.90% to 88.84%.
As per the exchange filing under SEBI (LODR) Regulations, IRSL contributed ₹217.98 crore in revenue in FY25, about 6% of Inox Wind’s consolidated revenue, and had a net worth of ₹935 crore, accounting for 14% of the parent’s consolidated net worth.
Inox Wind shares opened at ₹141.00, slightly above its previous close of ₹139.99. During the session, it touched a low of ₹139.28 and climbed to a high of ₹146.94, showing strong intraday volatility. On a broader scale, the company’s shares have a 52-week low of ₹128.46 and a high of ₹258.16, reflecting the wide price range it has witnessed over the past year.
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