Inox Wind rises over 7% as green energy subsidiary looks to launch IPO next month

Shares of Inox Wind NSE 0.21 % rallied as much as 8 per cent in Monday’s trade as its subsidiary Inox NSE -1.34 % Green Energy Services plans to raise Rs 740 crore via its initial public offering (IPO) by October this year to fund its expansion plans.

The company will focus on the Indian market initially and plans to tap the overseas market after establishing itself in this country, Inox Wind Chief Executive Officer (CEO) Kailash Lal Tarachandani told PTI.