Gujarat Flurochemicals, Inox Wind gain over 5%

Gujarat Flurochemicals rallied 9% to Rs 612 in intra-day, extending its Wednesday's 6% surge on BSE.

Gujarat Flurochemicals and Inox Wind, both a part of Inox Group, gained by up to 9% on BSE in intra-day trade, extending their previous day’s gain on BSE.

Inox Group on Wednesday said it has agreed to sell its operating wind farms to Leap Green Energy on slump sale basis for an undisclosed price, to focus on its core businesses, including that of wind turbine manufacturing.

“This transaction will decrease the leverage of Gujarat Flurochemicals at a consolidated level, by reducing debt of around Rs 800 crore that was attributable to the wind farming business, and free up