Inox Wind informed that the Board of Directors also accorded its approval to participate in the proposed offer for the sale of equity shares aggregating up to Rs 400 crore, , inox wind, initial public offering
The proposed IPO will comprise fresh issuance of equity shares aggregating up to Rs 500 crore and an offer for sale OFS of equity shares by certain shareholders to the tune of Rs 400 crore, Inox Wind said in a BSE filing.Board of Directors of our Companys material subsidiary, Inox Green Energy Services Ltd Earlier known as Inox Wind Infrastructure Services Ltd IGESL in their meeting held today i.e. May 9, 2022, has accorded a fresh approval to the fundraising.
The proposed IPO offer has a fresh issue of equity shares aggregating up to Rs 370 crore and an offer for sale of equity shares aggregating up to Rs 370 crore.
On January 18, 2022, as an existing and eligible shareholder of IGESL, Inox Wind had accorded its approval to participate in the proposed offer through an offer for the sale of equity shares.