RESCO raises Rs 3.50 billion through equity issuance

Resco Global Wind Services Private Limited (RESCO), a subsidiary of Inox Wind Limited, has raised Rs 3.50 billion by issuing equity shares o

n a preferential basis through private placement to non-promoter investors.

This follows a prior announcement from Inox Wind Limited and complies with SEBI regulations 30 and 51 under the listing obligations and disclosure requirements. As a result of this equity issuance, RESCO is no longer a wholly owned subsidiary of Inox Wind Limited.