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Incorporated in 2012, Inox Green Energy Services Limited is one of the major wind power operation and maintenance ("O&M") service providers within India. The company is a subsidiary of Inox Wind Limited ("IWL"), and part of the Inox GFL group of companies.
Acuite Ratings & Research Limited has assigned new ratings to Inox Green Energy Services' banking facilities. Long-term facilities received 'ACUITE AA-| Stable', while short-term facilities were rated 'ACUITE A1+'. This initial credit assignment provides a strong assessment of the company's financial standing and a stable outlook for its long-term borrowings.
Inox Green Energy Services' (IGESL) IRSL Committee allotted 4.89 Cr fully paid-up equity shares of IRSL to eligible IGESL shareholders under the Scheme of Arrangement. Efforts are underway to credit shares to demat accounts and secure listing/trading approvals.