Private Equity

PE Fund Investments

Energy solutions provider Inox Wind to raise Rs.450-Cr

Economic Times  

Noida-based wind energy solutions provider Inox Wind is likely to raise INR 350-450 crore through preference shares and warrants to its promoters and a few financial investors. These funds are likely to be used to reduce debt and enhance cash flows to speed up execution of the company's pending order book. A green fund launched by an investment group focused on Asia, Middle East and North America is likely to be a big financial investor in the fund raising. A Kolkata-based corporate entity dealing in financial services will also be part of this capital raising. Post-fundraise, the holding of the company's promoters - 67.6% at the end December 2021 -is likely to increase.