Inox Wind to offer shares worth Rs 400 crore under its arm IGESL’s IPO
New Delhi: Inox Wind NSE 2.21 % on Tuesday said a panel of its board has approved its participation in the proposed initial public offer of Inox Green Energy Services Ltd (IGESL) through an offer for sale of equity shares worth Rs 400 crore.
On December 6, 2021, IGESL board approved fund raising through an initial public offer comprising fresh issue of equity shares aggregating up to Rs 500 crore (Fresh Issue) and/ or an offer for sale of equity shares by certain existing and eligible shareholders of the company (together with the Fresh Issue, Offer).
“The IWL Committee of the Board of Directors for Operations of the Company in their meeting held today i.e.
