Inox Wind Ltd secured Rs 900 crore from its promoter to repay external term debt, becoming debt-free.
Inox Wind Ltd, an Indian energy solutions provider, secured Rs 900 crore from its promoter, Inox Wind Energy Ltd, to repay its external term debt. This move will make Inox Wind debt-free, strengthen its balance sheet, and increase profitability. The funds were raised through block deals on stock exchanges, with participation from several notable investors.
July 04, 2024
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