India's Inox Wind gains after stake sale in subsidiary

Inox Wind

19/08/2025 06:32

** Shares of Inox Wind INWN.NS rise 3.5% to 144.84 rupees

** Wind energy solutions provider sells stake worth 1.75  bln rupees ($20.1 mln) in subsidiary Inox Renewable Solutions at a valuation of 74 bln rupees

** Shareholding in Inox Renewable Solutions reduces to

88.84% from 91.90%

** Trading vols at 21.2 mln shares so far, over 3X the 30-day average

** INWN down ~19% YTD

($1 = 87.2663 Indian rupees)

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))