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Inox Wind Energy Limited (IWEL), the promoter of Inox Wind (IWL), has announced the successful raising of approximately Rs. 900 crores through the sale of equity shares of Inox Wind via block deals on the stock exchanges. The transaction garnered significant interest from marquee institutional investors, signaling strong market participation.
The equity share sale of Inox Wind Limited was facilitated by INOXGFL Group, a leading conglomerate in India. The funds raised, subject to approval from IWL’s Board and other regulatory authorities, are intended to be infused into Inox Wind Ltd to address debt obligations and bolster the company’s working capital requirements. This strategic move aims to further strengthen Inox Wind’s balance sheet.
The transaction underscores the confidence of institutional investors in Inox Wind’s growth prospects and highlights the company’s commitment to optimizing its financial structure to support future endeavors.
