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Indowind Energy repurchases and cancels FCCBs amounting $6.5 million

21 Nov 2013 Evaluate

Indowind Energy has honoured Foreign Currency Convertible Bond (FCCB) amounting to $6.5 million and cancelled the same. With this the total cancelled FCCB amounts to $15 million, 50% of original issue size of $30 million.

Indowind Energy is engaged in selling ready-to-buy wind farm projects to corporate as well as state governments. It has strong capabilities and expertise in areas like project management, robust managerial and financial resources and experience in the operations of wind farms.

Peers
Company Name CMP
NTPC 314.10
Tata Power 349.30
Adani Power 196.30
Power Grid Corpn. 250.00
Adani Energy Solut. 1352.70
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