IWEL raises Rs 800 crore through sale of equity shares of Inox Wind
Inox Wind Energy Ltd (IWEL) has raised Rs 800 crore through sale of equity shares of Inox Wind, according to a regulatory filing.
The sale has been made through block deals on the stock exchanges, INOXGFL Group said in a BSE filing.
“IWEL, the promoter of Inox Wind Ltd (IWL), successfully raised Rs 800 crore through sale of equity shares of Inox Wind via block deals on the stock exchanges,” it said.
The funds raised will be infused into IWL and utilized for the repayment of IWL’s external debt, marking a significant step towards achieving a net-debt free status.
