Inox Wind receives Rs 500 crore raised by promoter entities through equity share sale

Inox Wind Ltd. | Electric Equipment | Capital Goods & Industrial Consumables | BSE: 539083 | NSE: INOXWIND

17 Aug 2023 Evaluate

Inox Wind (IWL) has received Rs 500 crore (before taxes and other charges) raised by its promoter and promoter group entities. The funds were raised by way of equity share sale of IWL by its promoter and promoter group entities through block deals on the stock exchanges. The funds will be utilized for the repayment of IWL’s existing debt. This strategic move marks a significant milestone in IWL's journey towards financial sustainability.

Inox Wind is India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs & Corporate Investors.

Peers

Company Name	CMP
Waaree Energies	2535.10
Apar Industries	18873.90
Havells India	1096.00
Suzlon Energy	43.30
Siemens	3822.80
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.