IWEL completes infusion of Rs 8 billion into Inox Wind

Inox Wind Limited (IWL) has received an infusion of Rs 8 billion into the company from its promoter Inox Wind Energy Limited (IWEL). On October 31, 2023, IWEL successfully completed the fund raise of Rs 8 billion through an equity share sale of IWL on the stock exchanges, facilitated via block deals, witnessing participation of several marquee long-only foreign and domestic investors. The funds received will be utilised to repay IWL’s existing debt.