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Inox Wind Infrastructure Services inks share purchase agreement

Tuesday, 26 Oct 2021
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Inox Wind’s arm Inox Wind Infrastructure Services (IWISL) has inked a share purchase agreement to sell its entire equity stake in six firms to wholly-owned subsidiary Resco Global Wind Services.

The six arms are Marut-Shakti Energy India, Sarayu Wind Power (Kondapuram), Sarayu Wind Power (Tallimadugula), Vinirrmaa Energy Generation, Satviki Energy and AABPWNE RBRK Investments.

After the stake sale, the six companies will cease to be 100 percent subsidiaries of IWISL, but will continue to be step-down arms.
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