Inox Wind Energy shines on completing infusion of Rs 800 crore into Inox Wind
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Inox Wind Energy is currently trading at Rs. 4107.45, up by 212.80 points or 5.46% from its previous closing of Rs. 3894.65 on the BSE.
The scrip opened at Rs. 3800.05 and has touched a high and low of Rs. 4200.00 and Rs. 3800.05 respectively. So far 2213 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 4200.00 on 04-Dec-2023 and a 52 week low of Rs. 824.00 on 23-Dec-2022.
Last one week high and low of the scrip stood at Rs. 4200.00 and Rs. 3489.90 respectively. The current market cap of the company is Rs. 4906.98 crore.
The promoters holding in the company stood at 69.51%, while Institutions and Non-Institutions held 6.85% and 23.64% respectively.
Inox Wind Energy (IWEL) has completed infusion of Rs 800 crore (before taxes and fees) into the Inox Wind (IWL). This strategic action marks another significant milestone in IWL's journey towards financial sustainability and profitability.
On October 31, 2023, IWL’s promoter, IWEL, completed the successful fund raise of Rs 800 crore through an equity share sale of IWL on the stock exchanges, facilitated via block deals, witnessing participation of several marquee long-only foreign and domestic investors. The funds received will be utilized to repay IWL’s existing debt.
Inox Wind Energy is engaged 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.
