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Wind energy solutions provider Inox raises over Rs.400-Cr

BSE,   BSE  

Publicly-listed wind energy solutions provider, Inox Wind Ltd, has completed the allotment of equity shares at an issue price of INR 126 per equity share and convertible warrants for an issue price of INR 132 per convertible warrant to promoters and other investors, pursuant to the preferential issue for cash aggregating upto INR 402.5 crore. Inox Leasing and Finance, a part of the promoter group, infused INR 150 crore through preferential issue of equity shares. Samena Green, a non-promoter- foreign company, subscribed to equity shares and convertible warrants worth INR 152.50 crore. Lend Lease Company (India), another non-promoter, has subscribed to equity shares and convertible warrants aggregating INR 100 crore. Further, the Company had allotted 0.01% 91,83,51,137 Compulsory Convertible Preference Shares (CCPS) of INR 10 each to Inox Wind Energy Ltd and Devansh Trademart LLP. Out of the 91,83,51,137 CCPS, the company has converted 48,50,00,000 CCPS into 3,84,92,062 equity shares at INR 126 per equity share aggregating to INR 485 crore. Inox Wind has plants in Gujarat, Himachal Pradesh and Madhya Pradesh.