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    Inox Wind Energy zooms on getting shareholders' approval to raise up to Rs 90 crore


    January 27, 2022 - Accord Fintech

     

      India, Jan. 27 -- Inox Wind Energy is currently trading at Rs. 741.10, up by 34.95 points or 4.95% from its previous closing of Rs. 706.15 on the BSE.

      The scrip opened at Rs. 720.00 and has touched a high and low of Rs. 741.35 and Rs. 720.00 respectively.

      The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 992.00 on 04-Nov-2021 and a 52 week low of Rs. 188.95 on 11-Jun-2021.

      Last one week high and low of the scrip stood at Rs. 780.00 and Rs. 695.00 respectively. The current market cap of the company is Rs. 814.10 crore.

      The promoters holding in the company stood at 68.72%, while Institutions and Non-Institutions held 9.35% and 21.93% respectively.

      Inox Wind Energy has got shareholders' approval to raise up to Rs 90 crore through issuance of 10.62 lakh convertible warrants. The money will be used for meeting the funding requirements of the company, its subsidiaries' consolidated business operations and for general corporate purposes.

      Inox Wind Energy is to engage in the business of generation and sale of wind energy and providing related services and to make investment in the shares, debentures and other securities of Renewable Energy Business. Published by HT Digital Content Services with permission from Accord Fintech. For any query with respect to this article or any other content requirement, please contact Editor at contentservices@htlive.com

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