Inox Wind Energy has planned to seek shareholders' approval to raise up to Rs 90 crore through issuance of 10.62 lakh convertible warrants in its Extraordinary General Meeting (EGM) later this month.
The funds will be used for meeting the funding requirements of the company, its subsidiaries' consolidated business operations and for general corporate purposes.
Inox Wind Energy is to engage in the business of generation and sale of wind energy and providing related services and to make investment in the shares, debentures and other securities of Renewable Energy Business.
