Inox Wind Sells Stake in Subsidiary IRSL for ₹50 Cr

Inox Wind Limited has executed binding agreements for the partial divestment of equity shares in its material subsidiary, Inox Renewable Solutions Limited (IRSL). The aggregate transaction value is approximately ₹50 Crore. Following the sale, Inox Wind's shareholding in IRSL will decrease from 88.84% to 87.98%. IRSL, formerly Resco Global Wind Services Private Limited, reported revenue of ₹564.05 Crore (12.83% of consolidated revenue) and net worth of ₹897.77 Crore (14.07% of consolidated net worth) in FY 2025-26. The transaction is considered a related party transaction and has been undertaken at arm's length. The buyers are third parties and not part of the promoter group.