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 from long-only domestic and foreign institutional investors. The funds raised by IWEL will be infused into IWL and utilised for the repayment of its external debt, a significant step towards achieving a net-debt free status.
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