Inox Wind Limited (IWL) has announced the infusion of Rs 5 billion (before taxes and other charges) by its promoter and promoter group entities for repayment of debt.
The funds were raised by way of equity share sale of IWL by its promoter and promoter group entities through block deals on the stock exchanges. The funds will be utilised for the repayment of IWL’s existing debt. This strategic move marks a significant milestone in IWL’s journey towards financial sustainability.