Inox Wind’s board has approved its participation in the proposed initial public offer (IPO) of Inox Green Energy Services (IGESL) through an offer for sale of equity shares worth Rs 400 crore.
On December 6, 2021, IGESL board approved fund raising through an initial public offer comprising fresh issue of equity shares aggregating up to Rs 500 crore (Fresh Issue) and/ or an offer for sale of equity shares by certain existing and eligible shareholders of the company (together with the Fresh Issue, Offer).
Inox Wind offers its clients total wind power solutions including wind resource assessment, acquiring land, developing the entire site infrastructure, building the power evacuation system, supplying the WTGs, erection and commissioning services, long term operations and maintenance services as well as post-commissioning support.
