Inox Wind Energy Limited has announced a board meeting on the approval of a Scheme of Arrangement to merge into Inox Wind Limited.

The NCLT has sanctioned this consolidation, effective from July 1, 2023. The merger will combine all assets, liabilities, contracts, employees, and tax benefits into Inox Wind Limited, aiming to improve operational efficiency and reduce costs.

Shareholders of Inox Wind Energy will receive equity shares in Inox Wind Limited as per the approved exchange ratio.

This restructuring simplifies the group’s structure and is expected to enhance synergy and support future growth.