Archive · 23 Jul 2025
Inox Wind Board Approves Rights Issue, Secures 51 MW Order
Inox Wind, a company that makes wind turbines, is raising money by offering new shares at a discounted price.
Shareholders can buy these new shares.
They also got a big order to supply wind turbines for a project in Tamil Nadu.
The company had a very profitable quarter recently, making much more money than last year.
The rights issue will help them raise funds.
They are also starting a new partnership with First Energy.
Inox Wind's board approved a Rs 1,249.33 crore rights issue at a 27% discount.
The rights issue involves offering shares at Rs 120 each, with a face value of Rs 10.
Eligible shareholders will receive five shares for every 78 held as on the record date.
The rights issue will open on August 6 and close on August 20.
Inox Wind secured a 51 MW order from First Energy for wind turbines in Tamil Nadu.
- Who
- Inox Wind is issuing shares, and First Energy placed an order.
- What
- Inox Wind approved a rights issue and secured a new order.
- When
- The rights issue will open on August 6 and close on August 20.
- Where
- The new wind turbines will be deployed in Tamil Nadu.
- Why
- To raise capital and expand operations.
- Rights Issue Amount
- Rs 1,249.33 crore
- Share Price
- Rs 120 per share
- Discount
- 27%
- Record Date
- July 29, 2025
- Order Size
- 51 MW
- Turbine Model
- 3 MW class wind turbines
- Q4 FY25 Net Profit
- Rs 190.34 crore