Gujarat Fluorochemicals’ subsidiary -- Inox Wind -- is looking at the capital market to raise around Rs 1,000 crore by this fiscal. It would be the third entity of the Inox Group to get listed.
The company’s merchant bankers have indicated that the company may get the approval from regulators soon. Further, the company will dilute only a minority stake in the proposed public offer.
Wind power solutions providers since 2010, Inox Wind is a subsidiary of listed Gujarat Fluorochemicals. The other publicly held company under the group is Inox Leisure.
