Inox Wind Limited (IWL), one of India’s leading wind energy solutions providers, has announced the sale of stake worth around ₹175 crore in its material subsidiary, Inox Renewable Solutions Ltd. (IRSL), valuing the subsidiary at nearly ₹7,400 crore.
The company informed the exchanges that it has divested 49,57,142 equity shares of face value ₹10 each in IRSL (formerly Resco Global Wind Services Pvt. Ltd.) to third-party investors through agreements executed on August 18, 2025. Following this transaction, Inox Wind’s shareholding in IRSL will reduce from 91.90% to 88.84%.
According to the disclosure filed under Regulation 30 of SEBI (LODR) Regulations, 2015, IRSL contributed revenue of ₹217.98 crore in FY25, accounting for 6% of IWL’s consolidated revenue, while its net worth stood at ₹935 crore, contributing 14% to the parent company’s consolidated net worth.
The sale is expected to be completed within the next seven days. The company clarified that the shares were sold to independent third parties and that none of the buyers belong to the promoter group. The transaction does not fall under related party transactions.
