NCLT approves Inox Wind Energy and Inox Wind merger proposal.
NCLT has approved joint petition of both the companies and has asked the companies to obtain shareholders’ approval on 1st June 2024. It usually take two to three months post shareholders’ approval to conclude the merger.
158 shares of Inox Wind (INOXWIND) to be issued for every 10 shares of Inox Wind Energy (IWEL). IWEL shareholders may gain about 45% from yesterday’s closing price.
NCLT Order.pdf (140.3 KB)
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