Indowind Energy’s promoter increases stake in the company

Indowind Energy’s promoter and promoters group of companies -- Subuthi Investments -- has increased their shareholding in the company by purchasing 9,00,000 shares of the company in the open market on November 23, 2011.

Following this acquisition, the percentage of share holding of promoter and promoters group in Indowind Energy is increased from 30.41% to 31.41%.

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