Inox Wind has received approval from its board to raise funds upto Rs 800 crore by way of issuance of 0.01% Non-Convertible Non-Cumulative Participating Redeemable Preference Shares (NCPRPS) of face value of Rs 10 each of the company, fully paid up, at par, for cash consideration, on private placement basis, in accordance with the applicable laws and subject to appropriate sanctions, permissions and approvals including shareholders’ approval and statutory and regulatory approvals, as may be required, to ‘Promoter/ Promoter Group’ entities viz. Inox Leasing and Finance, Promoter Group entity, of upto Rs 600 crores and Inox Wind Energy, Promoter Company, of upto Rs 200 crore. The funds raised through the issuance of NCPRPS shall be used inter-alia for repayment of the debt.
Inox Wind is India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs & Corporate Investors.
| Company Name | CMP |
|---|---|
| Havells India | 1305.85 |
| Siemens | 3706.55 |
| Apar Inds | 11474.15 |
| ABB India | 7029.95 |
| Waaree Energies | 3471.45 |
| View more.. | |
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