Inox Green Energy jumps on selling entire stake in unit

Inox Green Energy Services

02/12/2024 07:39

** Shares of Inox Green Energy Services  INOG.NS  jump
14.86% to 170.35 rupees 
    ** Wind turbine operation and maintenance provider sells
entire stake in Aliento Wind Energy (AWEPL) to Nani Virani Wind
Energy
    ** Co to sell paid-up equity in AWEPL of 100,000 shares for
1 rupee each
    ** As of Nov. 30, AWEPL is no longer a subsidiary of INOG
    ** Co says AWEPL has not generated any revenue yet
    ** INOG jumped as much as 17.27%, biggest pct jump since
Jan. 3, 2024
    ** More than 6.4 mln shares changed hands as of 12:53 pm
IST, 4.5x the 30-day avg
    ** Stock has gained 62.6% YTD


 (Reporting by Ananta Agarwal in Bengaluru)
 ((Ananta.Agarwal@thomsonreuters.com))