Inox Wind Limited — Important, 23-07-2025: Updates

Inox Wind is undertaking a significant rights issue, offering 10.41 Cr shares at Rs 120/share to raise Rs 1,249.33 Cr. A substantial portion of these funds, Rs 560 Cr, will redeem promoter preference shares, while Rs 159 Cr will prepay other company borrowings. An additional Rs 250 Cr is allocated for debt reduction at subsidiary IRSL. This strategic capital raise aims to strengthen the balance sheet, lower finance costs, and enhance financial flexibility. Operational improvements include commissioning a new nacelle plant and a strategic merger for streamlined business.