STOCKWATCH

Inox Green Energy Services Ltd Disinvests Two Wholly Owned Subsidiaries for Cash Consideration

Inox Green Energy Services Limited has entered into share purchase agreements on 6th December, 2024, to sell the entire issued and paid-up equity share capital of its two wholly owned subsidiaries, Flurry Wind Energy Private Limited and Flutter Wind Energy Private Limited, to Aliento Wind Energy Private Limited for a cash consideration at par. This disinvestment is a part of the company's business restructuring. The transactions have been done at arm’s length.

• Inox Green Energy Services Ltd is disinvesting two wholly owned subsidiaries, Flurry Wind Energy Private Limited and Flutter Wind Energy Private Limited.
• The entire equity shares have been sold to Aliento Wind Energy Private Limited for a cash consideration at face value.
• The disinvestment is a part of the company's business restructuring.
• The transactions have been done at arm’s length.
• Aliento Wind Energy Private Limited is a related party controlled and owned by significant beneficial owners of the Company.