Inox Wind bags a 51 MW order from First Energy
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Mint
5 days ago
- Mint
Inox Wind share price in focus on its offer for the rights issue of equity shares
Stock Market Today: Inox Wind share price remains in focus on Thursday as it announced its offer regarding the rights issue of equity shares. Inox Wind share price saw a positive opening on Thursday, though it corrected amid weakness in the Indian stock markets Inox Wind, on 23 July 2025, announced its Letter of Offer for the Rights Issue of Equity Shares of the Company. Inox Wind plans to issue up to 104,110,712 fully paid-up equity shares with a face value of Rs.10/- each, totaling Rs.1,249.33 Crores on a rights basis to qualifying shareholders. Rights issue price—The rights issue is priced at Rs. 120/- per equity share, including a premium of Rs. 110/- per equity share. Eligible shareholders will receive 5 Rights Equity Shares for every 78 fully paid-up Equity Shares held on the Record Date. Record date for Inox Wind Rights issue—The record date for the rights issue has been set as Tuesday, July 29, 2025. As per intimation by Inox Wind on the National Stock Exchange of India and the BSE, or the Bombay Stock Exchange, "Inox Wind has proposed a rights issue of 10,41,10,712 fully paid-up equity shares of the face value of Rs.10/- each for an aggregate amount not exceeding Rs.1,249.33 crores on a rights basis to the eligible shareholders of the company. The rights issue is at a price of Rs. 120/- per equity share (including a premium of Rs. 110/- per equity share) in the ratio of 5 (five) rights equity shares for every 78 (seventy-eight) fully paid-up equity shares held by eligible shareholders as on the record date, i.e., Tuesday, 29th July, 2025. The Inox Wind share price opened at ₹ 166.95 on the BSE on Thursday post, slightly higher than the closing price of ₹ 165.60 on Wednesday amid weakness in the Indian stock markets. The Inox Wind share price, after seeing a positive opening, corrected thereafter as the benchmark indices also corrected, and the S&P BSE Sensex was down 0.3-0.4%. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
News18
6 days ago
- News18
Inox Wind board clears Rs 1,249-cr rights issue, sets price at Rs 120/share
New Delhi, Jul 23 (PTI) Inox Wind Ltd on Wednesday said its board has approved the proposed rights issue to raise up to Rs 1,249.33 crore as the wind energy solutions provider looks to bolster its capital base and fund future growth. The issue will offer 10.41 crore fully paid-up equity shares at Rs 120 per share, including a premium of Rs 110 on the face value of Rs 10 each, the company said in a regulatory filing. The issue price is at a sharp discount of 27 per cent to Wednesday's closing price of Rs 165.60 apiece on the BSE. The rights issue will open on August 6 and close on August 20, with the record date fixed as July 29 to determine shareholder eligibility. 'Post receipt of the in-principle approvals from the NSE and BSE vide their letters dated July 21 and July 22, 2025, respectively, the Board of Directors of the company in their meeting on July 23, has approved the rights issue," Inox Wind said. The issue is being undertaken in compliance with the provisions of the Sebi's listing rules and the Companies Act, 2013. After the rights issue, Inox Wind's outstanding equity shares will increase to 172.82 crore from 162.41 crore, assuming full subscription. The entitlement ratio has been set at five equity shares for every 78 shares held by eligible shareholders. The last date for on-market renunciation of rights entitlement is August 14, while off-market renunciation will be allowed until August 19. Inox Wind also said its board has also approved the letter of offer, which will provide further details, including the treatment of fractional entitlements. No withdrawal of applications will be permitted once the issue closes, though the board retains the flexibility to extend the issue period by up to 30 days from the opening date, if necessary, it added. Inox Wind had earlier informed the exchanges on July 17 about the board's decision to raise capital through a rights issue to the tune of Rs 1,250 crore. In a separate filing, Inox Wind said it proposes to utilise the net proceeds for the repayment/redemption of non-convertible, non-cumulative, participating, redeemable preference shares (NCPRPS) issued to the promoter, and repayment of debt. Funds from the rights issue will be used by Inox Wind for investment in one of its material subsidiary Inox Renewable Solutions Ltd (IRSL) for payment of debt availed by IRSL, and general corporate purposes. PTI HG TRB view comments First Published: July 23, 2025, 22:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Deccan Herald
6 days ago
- Deccan Herald
Inox Wind bags a 51 MW order from First Energy
New Delhi, Inox Wind on Wednesday said it has bagged a 51 MW order from First Energy Pvt Ltd, a Thermax Group company and a leading provider of renewable energy solutions in India's commercial & industrial is the first order placed by First Energy Pvt Ltd (FEPL) to Inox Wind (IWL) for the supply of its 3 MW class wind turbines, having 140-metre hub height and rotor diameter of 145 metres, a company statement FEPL will set up these turbines at its project site in Tamil Nadu, which is being developed through its special purpose vehicle (SPV), First Energy 10 Private order also includes limited-scope EPC services for the project, including supervision, along with multi-year operations & maintenance (O&M) services post-commissioning of the wind turbine generators (WTGs)..These services will be implemented through the subsidiaries of Agarwal, CEO, Inox Wind Ltd, said, "We believe that our partnership will help First Energy to scale up its offerings rapidly. Inox Wind continues to be a partner of choice for large RE developers, offering a wide range of solutions across the wind energy value chain, strongly contributing to India's energy transition goals.'
