Inox Wind Energy raises Rs 8 billion through sale of equity shares

Inox Wind Energy Limited (IWEL) has raised Rs 8 billion through sale of equity shares of Inox Wind Limited (IWL) via block deals on the stock exchanges.
The transaction witnessed strong participation across long-only domestic and foreign institutional investors. The funds raised by IWEL will be infused into IWL and utilised for the repayment of IWL’s external debt, marking a significant step towards achieving a net-debt free status.