Inox Wind raises over Rs 400 cr by issuing fairness shares, convertible warrants

Inox Wind on Friday mentioned it has raised over Rs 400 crore by issuing fairness shares and convertible warrants.

In a regulatory submitting, Inox Wind mentioned it has accomplished the allotment of fairness shares and convertible warrants price Rs 402.50 crore on June 2, at a problem value of Rs 126 and Rs 132, respectively.

In April, the wind vitality agency had knowledgeable that its board authorized a proposal to lift Rs 402.5 crore by means of preferential difficulty of fairness shares and convertible warrants.

Inox Wind is amongst India’s main wind vitality options suppliers, servicing impartial energy producers (IPPs), utilities, PSUs, and company buyers.

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The firm has three manufacturing crops in Gujarat, Himachal Pradesh, and Madhya Pradesh.