Date: October 9, 2026

Disinvestment / Strategic Actions

  • Vibhav Energy Private Limited, a wholly-owned subsidiary, converted inter-corporate deposits (ICDs) aggregating ₹150 crore into equity shares on October 9, 2026
  • Conversion details:
  • 5 crore equity shares (face value ₹10 each) allotted to Inox Green Energy Services Limited against ICDs of ₹50 crore
  • 10 crore equity shares (face value ₹10 each) allotted to Authum Investment & Infrastructure Limited against ICDs of ₹100 crore
  • Post-conversion shareholding: Inox Green 75%, Authum Investment 25%
  • Vibhav ceased to be a wholly-owned subsidiary but remains a subsidiary of Inox Green
  • Transaction constitutes a related party transaction but was done at arm's length

Financial Details

  • Vibhav's Authorised Share Capital: ₹500.01 crore
  • Post-conversion Paid-Up Equity Share Capital: ₹400.01 crore
  • No fresh cash outflow involved in the transaction
  • Consideration: Non-cash (conversion of existing ICD exposure)

Company Background

  • Vibhav Energy Private Limited
  • Incorporated: July 10, 2017
  • Business: Operation and maintenance services for wind power service providers within India
  • Financial Performance: Turnover was nil for FY 2025-26 and each of the previous three years