Inox Wind NSE 1.31 % on Wednesday said its promoters have infused an amount of Rs 623 crore in the company and the fund was used for repaying advances received from Gujarat Fluorochemicals Ltd NSE 0.76 % (GFL). The board had on August 30, 2022 approved raising up to Rs 800 crore by way of issuance of 0.01 per cent non-convertible non-cumulative participating redeemable preference shares on private placement basis to the promoter/ promoter group entities. This was consequently approved in the company’s annual general meeting (AGM).
