INOX Wind Ltd allots NCPRPS

Pursuant to the resolutions passed by the Board of Directors of INOX Wind Ltd and the Shareholders of the Company in their respective meetings held on 6t October, 2021 and 29 October, 2021, the 'IWL Committee of the Board of Directors for Operations' of the Company on 24 December, 2021 had allotted, in second tranche, 2,50,00,000 0.01% Non-Convertible, Non-Cumulative, Participating, Redeemable Preference Shares of Rs.10/- each of the Company (NCPRPS) fully paid-up, at par, on private placement basis to Devansh Trademart LLP (LLPIN: AAE-2605), an entity forming part of the Promoter Group for cash consideration aggregating Rs. 25,00,00,000 (Rupees Twenty Five Crore only).

Shares of Inox Wind Limited was last trading in BSE at Rs. 146.30 as compared to the previous close of Rs. 133.55. The total number of shares traded during the day was 411327 in over 7421 trades.

The stock hit an intraday high of Rs. 149.00 and intraday low of 133.35. The net turnover during the day was Rs. 58574018.00.

Source : Equity Bulls

Keywords

InoxWindLimited INE066P01011 FundRaising PreferenceShares PrivatePlacement