India, Oct. 7 -- Inox Green Energy Solutions Ltd has completed the payment for the acquisition of Wind World India Ltd's (WWIL) 4.5 GW wind operations and maintenance (O&M) business, marking a major transaction in India's renewable energy services sector.
The payment was made on October 6, 2026, through Inox Green's subsidiary Vibhav Energy Pvt Ltd (VEPL) under the Business Transfer Agreement (BTA) signed with WWIL. The business will be transferred to VEPL as a going concern in accordance with the BTA and the resolution plan approved by the NCLT.
The transaction carries a total consideration of Rs 550 crore, including taxes. Inox Green will hold a 75% stake in VEPL following completion of the transfer and implementation of the resolution ...