Indian Accounting Research Analyst, Trudence Capital Advisors

Nitin Mangal

Indian Accounting Research Analyst

Trudence Capital Advisors

Trudence Capital Advisors Private Limited is a SEBI-registered Research Analyst, holding SEBI registration number INH000015747. Our firm is dedicated to providing independent and unbiased research on Indian mid to large-cap companies. Trudence Capital is known for its counter-consensus views, with a focus on forensic research and on-ground primary investigations. Our research approach is thorough, involving detailed analysis of accounting practices and governance, alongside extensive channel checks.

Independent & Unbiased Research

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/inox-india-limited" target="_blank" data-smartkarma-citation="entities:40138:1" rel="noopener">INOX India Limited (INOX IN)</a> ( or IWL) and <a href="https://www.smartkarma.com/entities/inox-wind-energy-ltd" target="_blank" data-smartkarma-citation="entities:40911:1" rel="noopener">Inox Wind Energy (IWEL IN)</a> (or IWEL) have announced a merger, where IWEL will be amalgamated with IWL</li>
<li>The share swap ratio in the scheme of amalgamation gives a very evident arbitrage opportunity. </li>
<li>The arbitrage opportunity has become bigger than when announced in June 2023. While the strategy is still possible, we try to justify the market behaviour.</li>
</ul>



INOX India Limited (INOX IN) ( or IWL) and Inox Wind Energy (IWEL IN) (or IWEL) have announced a merger, where IWEL will be amalgamated with IWL
The share swap ratio in the scheme of amalgamation gives a very evident arbitrage opportunity. 
The arbitrage opportunity has become bigger than when announced in June 2023. While the strategy is still possible, we try to justify the market behaviour.


India

Inox Wind Ltd. provides wind power solutions. The Company manufactures and distributes wind turbine generator components such as nacelles, hubs, rotor blade sets, and tubular towers, as well as offers wind resource assessment, site acquisition, infrastructure development, and operations and maintenance of wind power projects. Inox Wind serves customers in India.

Inox Wind Ltd (INXW IN)

Inox Wind Merger: Behind the Arbitrage

INOX India Limited and Inox Wind Energy have announced a merger, presenting a clear arbitrage opportunity. The opportunity has grown since the...

Nitin Mangal

Inox Wind Merger: Behind the Arbitrage

​INOX India Limited and Inox Wind Energy have announced a merger, presenting a clear arbitrage opportunity. The opportunity has grown since the...

Nitin Mangal

INOX India Limited and Inox Wind Energy have announced a merger, presenting a clear arbitrage opportunity. The opportunity has grown since the...