Inox Wind Limited on Wednesday (July 23) said its board has approved the detailed terms of its proposed rights issue of equity shares aggregating up to ₹1,249.33 crore, following in-principle approvals from BSE and NSE.
The issue will comprise 10,41,10,712 fully paid-up equity shares of face value ₹10 each, offered at a price of ₹120 per share (including a premium of ₹110), on a rights entitlement ratio of five equity shares for every 78 shares held as on the record date, which has been fixed as July 29, 2025.
The equity shares, issued at ₹120, represent a 27% discount to the prevailing market price.
The rights issue will open on August 6, 2025, and close on August 20, 2025. The last date for on-market renunciation of rights entitlement is August 14, while off-market renunciation can be done until August 19.
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The company has reserved the right to extend the issue period by up to 30 days from the opening date. Post-issue, assuming full subscription, the total outstanding equity shares of the company will increase from 162.41 crore to 172.82 crore shares.
Fourth quarter results
Inox Wind reported a more than fivefold increase in consolidated net profit for the March quarter, supported by a sharp rise in revenues and continued execution of a robust order book.
Net profit for the three months ended March 31 jumped to ₹190.34 crore, compared with ₹38.74 crore in the same period last year, the company said in a stock exchange filing. Revenue more than doubled to ₹1,310.65 crore in Q4 FY25, up from ₹569.04 crore a year earlier.
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Shares of Inox Wind Ltd ended at ₹165.05, down by ₹0.45, or 0.27%, on the BSE.
(Edited by : Shoma Bhattacharjee)
