Inox Wind Limited has approved a rights issue of up to Rs 12.49 billion to strengthen its capital structure and support future growth initiatives.
The board approved the issuance of 0.10 billion fully paid-up equity shares at Rs 120 per share (including a premium of Rs 110), in a 5:78 ratio to eligible shareholders. Upon full subscription, the company’s outstanding equity shares will rise from 1.62 billion to 1.72 billion.