Inox Wind Energy and Inox Green Energy Services logged gains of 3.32% and 1.4% respectively, as the companies initiate strategic action to deleverage their balance sheet.
The companies together aim to reduce a total debt of Rs 411 crore.
Inox Wind Energy trades at 1.7 times the 30-day moving average.
On the other hand, Inox Green Energy Services rose as much as 3.72%, the most since it's listing on Nov. 23, 2022.
Source: Bloomberg, Exchange Filings