Inox Wind gains 3% as board approves raising up to Rs 90 crore
NEW DELHI – Shares of Inox Wind NSE 2.67 % rose as much as 3.3 per cent in early trade on Tuesday after the company’s board at a meeting held on Monday said it has decided to issue 10.62 lakh convertible warrants at an issue price of Rs 847 per unit to raise up to Rs 90 crore.
The scrip rose to a high of Rs 123.80 as against the previous close of Rs 119.90 on the National Stock Exchange.
“The board of directors of Inox Wind Energy Ltd at its meeting held today i.e. December 27, 2021, has approved…subject to the approval of the shareholders of the company, to create, offer, issue and allot on a preferential issue basis up to 10,62,574 convertible warrants at an issue price of Rs 847 per warrant,” Inox Wind said in a release to bourses.
