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Rights Issue Alert: Inox Wind’s 5-for-78 Offer Could Reshape Shareholder Stakes

Updated: July 23, 2025 18:34

Image Source : ET NOW
Inox Wind Ltd has announced the terms of its Rs 1,249.33 crore rights issue, offering existing shareholders a chance to subscribe at a discounted price of Rs 120 per share.
 
Key highlights:
 
- Shareholders will be entitled to 5 rights equity shares for every 78 shares held as of the record date, July 29, 2025
 
- The issue comprises 10,41,10,712 fully paid-up equity shares with a face value of Rs 10 and a premium of Rs 110
 
- The rights issue opens on August 6, 2025, and closes on August 20, 2025
 
- On-market renunciation deadline is August 14, while off-market renunciation ends August 19
 
- Post-issue, total outstanding shares will increase from 162.41 crore to 172.82 crore
 
- Rights entitlements will be credited to eligible shareholders’ demat accounts under ISIN INE066P20011
 
Strategic context:
 
The capital raise supports debt reduction, working capital needs, and expansion of wind energy operations.
 
Sources: CNBC Awaaz, Moneycontrol Hindi, IPO Central, Economic Times, Screener.in 

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