Inox Green Energy Services plans to raise up to ₹1,050 crore via preferential issue for expansion.
Inox Green Energy Services (IGESL), a subsidiary of the INOX GFL group, plans to raise up to ₹1,050 crore via a preferential issue. The company intends to issue 2.89 crore shares at an issue price of ₹138 per share, raising ₹400 crore from non-promoter entities, and 4.48 crore convertible warrants each priced at ₹145 per warrant, raising up to ₹650 crore from both promoter and non-promoter entities. Funds will be utilized for organic and inorganic expansion.
June 26, 2024
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