Indowind Energy Ltd clears outstanding dues to EXIM Bank of Inai

The company has fully cleared the outstanding dues to EXIM Bank of India. The cases filed by both parties against each other are in the process of being withdrawn. The Bank will return 40,00,000 equity shares of "INDOWIND ENERGY LIMITED" to "LOYAL CREDIT & INVESTMENTS LIMITED ("Promoter and Guarantor"). This will increase the promoter and promoter grcup holding from 47.07% to 50.77%.

Shares of Indowind Energy Limited was last trading in BSE at Rs. 14.84 as compared to the previous close of Rs. 12.37. The total number of shares traded during the day was 1015023 in over 2300 trades.

The stock hit an intraday high of Rs. 14.84 and intraday low of 13.13. The net turnover during the day was Rs. 14480952.00.

Source : Equity Bulls

Keywords

IndowindEnergy INE227G01018 OutstandingDues Cleared EXIMBankofIndia