Inox Wind Limited has announced the approval of its Rs 12.49 billion rights issue. The company will issue up to 104,110,712 fully paid-up equity shares for cash, at a price of Rs 120 per share which will include a premium of Rs 110 per share.
The rights entitlement ratio has been fixed at 5 equity shares for every 78 equity shares held by eligible shareholders as of July 29, 2025. The proceeds from the issue are intended to strengthen the company’s capital structure and support future growth initiatives. Furthermore, shareholders may renounce their rights entitlements on the market until August 14, 2025, and off-market until August 19, 2025. The issue will open on August 6, 2025 and close on August 20, 2025.
The board of directors or a duly constituted committee may extend the issue period, subject to regulatory guidelines. Following full subscription, the company’s total outstanding equity shares will reportedly increase from Rs 1.621 billion to Rs 1.728 billion.
