IWEL completes infusion of Rs 8 billion into Inox Wind

Inox Wind Limited has completed the infusion of Rs 8 billion into the company by its promoter Inox Wind Energy Limited (IWEL). On October 31, 2023, IWL’s promoter, IWEL, completed the successful fund raise of Rs 8 billion  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 utilised to repay IWL’s existing debt.