Archive · 24 Jul 2025
Inox Wind Approves ₹1,250 Crore Rights Issue
Inox Wind, a company in the wind energy business, is raising money by offering new shares to its current shareholders.
They plan to get up to ₹1,249.33 crore by selling these shares.
If you already own shares, you have the right to buy some of these new shares.
The offer starts on August 6, 2025, and ends on August 20, 2025.
This money will help the company grow and improve its finances.
This means the company will be able to build more wind turbines and invest in new technologies.
Inox Wind (IWL) approved a rights issue of up to ₹1,249.33 crore.
The issue involves 10,41,10,712 equity shares at ₹120 each.
Rights entitlement is five shares for every 78 held by shareholders on July 29, 2025.
The issue opens August 6, 2025, and closes August 20, 2025.
The funds will strengthen capital and support future growth initiatives.
- Who
- Inox Wind (IWL)
- What
- Inox Wind approved a rights issue to raise up to ₹1,249.33 crore.
- When
- Approved on July 23, 2025; issue opens August 6, 2025, and closes August 20, 2025; record date is July 29, 2025.
- Where
- Not explicitly mentioned in the article.
- Why
- To strengthen the company’s capital structure and support future growth initiatives.
- Company
- Inox Wind (IWL)
- Rights Issue Amount
- ₹1,249.33 crore
- Shares Offered
- 10,41,10,712 fully paid-up equity shares
- Issue Price
- ₹120 per share
- Rights Entitlement
- Five shares for every 78 held
- Record Date
- July 29, 2025
- Open Date
- August 6, 2025
- Close Date
- August 20, 2025