Inox Wind Energy Raises INR 900 Crore Through Sale of Equity Shares
INOXGFL Group announces the successful conclusion of equity share sale of Inox Wind Limited by its promoter Inox Wind Energy Limited, raising INR 900 crores.
May 29, 2024. By News Bureau
The transaction was executed via block deals on the stock exchanges and witnessed participation by several marquee institutional investors. Subject to IWL’s Board approval and other requisite regulatory approvals, the funds raised are proposed to be infused into Inox Wind Ltd to pare down Inox Wind's debt and augment the working capital needs of the company thereby strengthening its balance sheet further.
The INOXGFL Group, one of India’s leading conglomerates with a rich legacy of over 90 years, stands as a leading force in India's business landscape. Operating across two key verticals – Chemicals Business and Renewable Energy Business – the Group's unwavering commitment to innovation and sustainability has solidified its position as a premier business group. Comprising four listed entities - Gujarat Fluorochemicals Limited (GFL), Inox Wind Limited, Inox Green Energy Services Limited, and Inox Wind Energy Limited, the Group is commanding a substantial market capitalization of USD 8 bn.
The Group's exceptional performance and visionary leadership are reflected in its diverse portfolio of cutting-edge products, global presence, and impactful corporate social responsibility initiatives. With a mission to drive global progress and contribute to a greener future, the INOXGFL Group continues to set new benchmarks for excellence in the industry.
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