Inox Leasing and Finance Limited (ILFL) has acquired 4.95% of Inox Green Energy Services Limited (IGESL) by converting convertible warrants into 1,98,90,000 equity shares. This acquisition, completed on January 28, 2026, has triggered disclosure requirements due to exceeding a 2% change in shareholding. ILFL, as a promoter group company, continues to increase its investment in IGESL.
Stake Acquisition in Inox Green Energy
Inox Leasing and Finance Limited (ILFL) has increased its stake in Inox Green Energy Services Limited (IGESL). This was achieved through the allotment of equity shares upon conversion of convertible warrants. The transaction was finalized on January 28, 2026.
Details of the Transaction
ILFL acquired 1,98,90,000 equity shares of IGESL. This acquisition represents 4.95% of the equity share capital of IGESL post-acquisition. As a result of this allotment, ILFL’s shareholding, along with persons acting in concert (PAC), saw a change exceeding 2%, necessitating this disclosure.
Pre and Post Acquisition Shareholding
Prior to the acquisition, ILFL held 23,30,13,497 shares, representing 62.18% of total share/voting capital (57.68% diluted). After the acquisition, ILFL’s holdings increased to 22,53,17,291 shares, now representing 60.13% of the total share/voting capital (55.78% diluted).
Changes in Equity Share Capital
The equity share capital before the acquisition was 37,47,05,495 shares, amounting to ₹374,70,54,950. Post-acquisition, the equity share capital increased to 40,14,92,045 shares, totaling ₹401,49,20,450. The total diluted share/voting capital after acquisition stands at 40,39,59,665 shares, amounting to ₹403,95,96,650. All figures are based on a face value of ₹10 per equity share.
Source: BSE
