IWISL sold Wind arm sell: 51 pc stake in Sri Pavan Energy
Inox Wind arm sells 51 pc stake in Sri Pavan Energy
IWISL sold Wind arm sell: Wind turbine producer Inox Wind on Friday said its arm Inox Wind Infrastructure Services has sold its whole 51 percent stake in Sri Pavan Energy for Rs 5.1 lakh.
“Our completely possessed auxiliary, Inox Wind Infrastructure Services Ltd (IWISL) has sold its whole 51 percent shareholding held in Sri Pavan Energy Private Ltd (SPEPL) on 22nd May, 2020,” it said in an administrative recording.
SPEPL has now stopped to be an auxiliary of IWISL and thusly, step down auxiliary of Inox Wind, it said.
IWISL sold its whole 51 percent shareholding, involving 51,000 value portions of Rs 10 each held in SPEPL, at face an incentive for money to Sri KPR Infra and Projects Ltd, it included.
SPEPL was consolidated on April 9, 2018. Its has a settled up capital of Rs 10 lakh. As on the keep going examined accounting report on March 31, 2019, SPEPL had not initiated its business tasks, it included.
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