In furtherance to its intimation dated 2nd September, 2024 and in compliance of Regulations 30 and 51 of the Listing Regulations, Inox Wind has informed that the Company’s material wholly owned subsidiary, Resco Global Wind Services (RESCO), has completed fund raise of Rs. 350 Crore on 11th September, 2024 by way of allotment of equity shares on a preferential basis through private placement to non-promoter investors. As a result of this allotment, RESCO has ceased to be a wholly owned subsidiary of the Company.
The above information is a part of company’s filings submitted to BSE.
