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( As on 24/07/2025 08:54)

Inox Wind board approves Rs 1,249 crore rights issue at Rs 120 per share

Inox Wind Ltd announced on Wednesday that its board has approved a rights issue to raise up to Rs 1,249.33 crore, aiming to strengthen its capital base and support future growth initiatives.

As per the regulatory filing, the company will issue 10.41 crore fully paid-up equity shares at a price of Rs 120 per share, which includes a premium of Rs 110 over the face value of Rs 10.

The rights issue price represents a significant 27% discount to Inox Wind's closing price of Rs 165.60 on the BSE on Wednesday.