Inox Wind Limited’s board has approved fund raising aggregating to Rs 4.02 billion through preferential issue of equity shares and convertible warrants to promoters and non-promoters.
As per the regulatory filing, its promoters will infuse Rs 1.50 billionthrough preferential issue of equity shares. Samena Green Limited, a non-promoter foreign company, will infuse Rs 1.52 billionthrough preferential issue of equity shares and convertible warrants. Another non-promoter entity Lend Lease Company (India) Limited will put in Rs 1billionthrough the same route. The board has also approved conversion of 0.01 per cent non-convertible, non-cumulative, participating, redeemable preference shares allotted to promoter group to compulsorily convertible preference shares aggregating to Rs 9.18billion.