Inox Wind Energy Ltd. is merging into Inox Wind Ltd., streamlining the INOXGFL Group’s wind operations and eliminating the holding company setup.

The merger will cut IWL’s liabilities by about Rs 2,050 Cr, boosting its balance sheet strength and operational efficiencies.

IWEL shareholders will get 632 IWL shares per 10 IWEL shares held.

This consolidation aims to create a stronger, more efficient company well-positioned for growth in clean energy.