09-Oct-2026 23:44:52
INOXGREEN : VIBHAV CONVERTS RS 150 CR ICDS INTO EQUITY, PARENT STAKE 75%
• Vibhav Energy Private Limited converted ICDs aggregating ₹150 Cr into equity shares of face value ₹10 each • Allotted 5 Cr shares to Inox Green Energy Services against ₹50 Cr ICDs and 10 Cr shares to Authum Investment & Infrastructure against ₹100 Cr ICDs • Company's shareholding in Vibhav stands at 75%; Authum holds 25%; Vibhav ceased to be a wholly-owned subsidiary but remains a subsidiary • Consideration was non-cash with no fresh cash outflow; transaction completed • Vibhav provides operation and maintenance services for wind power service providers in India; turnover was Nil in FY 2025-26 and last three years Impact: Neutral (Restructures existing ICD exposure into equity without fresh cash outflow; parent stake falls to 75% with Authum as 25% partner)
Inox Green Energy Services Limited
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