Inox Wind rises on getting nod to raise Rs 99 crore via NCDs
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Inox Wind is currently trading at Rs. 90.85, up by 2.05 points or 2.31% from its previous closing of Rs. 88.80 on the BSE.
The scrip opened at Rs. 90.45 and has touched a high and low of Rs. 91.75 and Rs. 89.90 respectively. So far 4088 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 160.00 on 30-Jul-2021 and a 52 week low of Rs. 71.50 on 28-Jun-2021.
Last one week high and low of the scrip stood at Rs. 98.30 and Rs. 87.70 respectively. The current market cap of the company is Rs. 1970.63 crore.
The promoters holding in the company stood at 67.55%, while Institutions and Non-Institutions held 2.74% and 29.70% respectively.
Inox Wind has received an approval for the issuance of 990 rated, listed, secured, redeemable, non-convertible debentures (NCDs) having a face value of Rs 10 lakh each aggregating up to Rs 99 crore. The NCDs will have coupon rate of 9.75 per cent per annum payable annually with a tenure till April 30, 2025. The Board of Directors of the company, at its meeting held on May 24, 2022 has approved the same.
Inox Wind offers its clients total wind power solutions including wind resource assessment, acquiring land, developing the entire site infrastructure, building the power evacuation system, supplying the WTGs, erection and commissioning services, long term operations and maintenance services as well as post-commissioning support.
