Inox Wind to raise Rs350-450 crore to reduce debt and improve execution of pending orders

Noida-based wind energy solutions provider Inox Wind is likely to raise Rs350-450 crore through preference shares and warrants to its promoters and a few financial investors, confirmed people who are close to the development. These funds are likely to be utilised to reduce debt and enhance cash flows which will speed up execution of the company’s pending order book.