Inox Wind has informed that the Board of Directors of the Company at its meeting held today, 07th November, 2023, have considered and approved raising of funds by way of issuance of 0.01% Non-Convertible Non-Cumulative Participating Redeemable Preference Shares of face value of Rs 10 each of the Company ('NCPRPS'), fully paid up, at par, for cash consideration, on private placement basis, in accordance with the applicable laws and subject to all requisite approvals including that of shareholders of the Company, to Inox Wind Energy, Promoter of the Company, for an amount aggregating up to Rs 500 Crores.
The above information is a part of company’s filings submitted to BSE.
