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Inox Wind said that its board had &quot;considered and approved raising of funds by way of issuance of 0.01% Non-Convertible Non-Cumulative Participating Redeemable Preference Shares of Rs 10 face value.

Inox Wind trades flat on board nod to raise funds through pref shares

Inox Wind Consolidated September 2023 Net Sales at Rs 370.64 crore, up 245.68% Y-o-Y

Inox Wind Standalone September 2023 Net Sales at Rs 330.13 crore, up 308.93% Y-o-Y

The large deal involved around 10 percent equity in the company.

Inox Wind shares trade down 7% after Rs 672-crore block deal; promoter likely seller

Inox Wind announced that the 14th Annual General Meeting (AGM) of the company will be held on 29 September 2023.

Inox Wind to hold AGM

The funds were raised by way of equity share sale of IWL by its promoter and promoter group entities through block deals on the stock exchanges. The funds will be utilized for the repayment of IWLs existing debt.Kailash Tarachandani, the CEO of Inox Wind, stated: The recent fundraising initiative led by IWLs promoters and the subsequent capital infusion significantly reinforces our financial strength and empowers us with enhanced flexibility for future growth endeavours.”Inox Wind is a fully integrated player in the wind energy market with three manufacturing plants in Gujarat, Himachal Pradesh and Madhya Pradesh.The company had reported a consolidated net loss of Rs 36.80 crore in the quarter ended June 2023 as against net loss of Rs 67.80 crore during the previous quarter ended June 2022. Sales rose 65.51% to Rs 349.50 crore in Q1 FY24 over Q1 FY23.The scrip fell 1.44% to currently trade at Rs 195.60 on the BSE.

Inox Wind raises Rs 500 crore from promoter entities through equity share sale

Inox Wind&nbsp;(IWL) today announced the infusion of Rs. 500 crore (before taxes and other charges) by its promoter and promoter group entities. This strategic move marks a significant milestone in IWLs journey towards financial sustainability. The funds were raised by way of equity share sale of IWL by its promoter and promoter group entities through block deals on the stock exchanges. The funds will be utilized for the repayment of IWLs existing debt. 

Inox Wind gets equity infusion of Rs 500 cr from promoters

Inox Wind Energy gains on block deal in subsidiary firm

CA Alchemy had held 20 percent stake or 23.86 crore equity shares in Piramal Pharma as of June 2023.

Bulk Deals: PHI Capital Trust exits Minda Corporation, Carlyle Group offloads 2.17% stake in Piramal Pharma

A block deal worth Rs 500 crore is expected to be executed by the promoter entity of Inox Wind to trim its stakeholding in the company. The offer price for the deal will be at a maximum discount of 5 percent.

Hope of Rs 500-crore block deal propels Inox Wind to 52-week high

Inox Wind Ltd. engages in the manufacture and sale of wind turbine generators. It includes erection, procurement and commissioning (EPC); operations and maintenance (O&M); common infrastructure facilities services for WTGs; and wind farm development services. The firm works on two business models: Turnkey Solution and Equipment Supply Model. Its products include Inox DF 93.3, Inox DF 100, and Inox DF 113. The company was founded on April 9, 2009 and is headquartered in Noida, India.

Watchers	54
52-Wk Low	88.80
52-Wk High	341.00

Market Cap	108.28B
Volume (M)	5.72M
52-Wk High	341.00
52-Wk Low	88.80

Current Price	343.80
Prev Close	326.20
Open	325.00
Dividend Yield	0.00%
50-Day Moving Average	230.09
Beta	0.03
Avg. Volume	3.61M
PE Ratio	-19.50

52-Week High	341.00
52-Week Low	88.80
Market Capitalization	108.28B
EPS	-16.73
Price to Book	6.45
Revenue Per Employee	13.25M
Enterprise Value/EBITDA	-69.57

INOXWIND.NSE Inox Wind Ltd

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