Inox Wind Energy has sold an aggregate of 6,00,00,000 equity shares of its associate company, Inox Wind (IWL) through block deals on the stock exchanges viz. BSE and National Stock Exchange of India, thereby raising Rs 900 crore.
Post the aforesaid transaction, the Company's shareholding in its associate company, IWL decreased from 38.43% to 33.83%.
Inox Wind Energy is engaged 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.
