Inox Wind to become debt free company with infusion of Rs 9 billion by promoter

July 15, 2024

Inox Wind Limited (IWL) has completed the infusion of Rs 9 billion into the company by its promoter Inox Wind Energy Limited (IWEL).
The funds were raised by IWEL in May 2024, through sale of equity shares of IWL through block deals on the stock exchanges, witnessing participation of several marquee investors.
The funds will be utilised by IWL to completely pare down its external term debt to achieve a net debt free status.

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