Inox Wind Energy gains on planning to raise funds through various modes
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Inox Wind Energy is currently trading at Rs. 819.00, up by 19.00 points or 2.38% from its previous closing of Rs. 800.00 on the BSE.
The scrip opened at Rs. 820.00 and has touched a high and low of Rs. 820.00 and Rs. 803.00 respectively.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 992.00 on 04-Nov-2021 and a 52 week low of Rs. 188.95 on 11-Jun-2021.
Last one week high and low of the scrip stood at Rs. 834.95 and Rs. 770.15 respectively. The current market cap of the company is Rs. 899.67 crore.
The promoters holding in the company stood at 68.72%, while Institutions and Non-Institutions held 9.84% and 21.44% respectively.
Inox Wind Energy is planning to raise funds by way of private placement/ preferential issue of one or more instruments including equity shares, convertible securities of any description or warrants or debt securities, through preferential issue, private placements, rights issue or any other methods or combination thereof as ‘maybe permitted under applicable laws, subject to such regulatory/statutory approvals as maybe required, including the approval of shareholders of the Company. A meeting of the Board of Directors of the Company is scheduled to be held on December 27, 2021 to consider the same.
Inox Wind Energy is to engage 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.
