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Monday, 09 October 2023 16:46

Inox Wind arm to divest 100 pc stake in Gujarat-based wind farm

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Inox Green Energy Services will divest 100% stake in Nani Virani Wind Energy Private Ltd, a 50 MW operating wind farm in Gujarat. The transaction will be completed subject to regulatory and banking approvals, including board and shareholder approvals. The move will strengthen Inox Wind's financial strength and improve profitability as the company aims to become net debt-free.


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