Inox Green Energy Services completes payment

Inox Green transfersf Wind World India’s 4.5 GW Wind O&M Business as per the Business Transfer Agreement The O&M business of WWIL will be transferred to VEPL as a going concern, as per the terms of the BTA and the Resolution Plan approved by the Hon'ble National Company Law Tribunal (NCLT). Inox Green will own 75% stake in VEPL post completion of the transfer and the implementation of the Resolution Plan, enabling line-by-line consolidation of the transferred business’ financials. The total consideration for the transaction, inclusive of taxes, is ₹550 crore. Opinion : This news will have postive impact on the stock price. Disclaimer : This is not a buy,sell or hold recommendation