Indowind Energy Limited has informed the Exchange about In Principal Approval of DLOF of Rights Issue
INDOWIND · price
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Indowind Energy Limited has received in-principle approval from both BSE (dated August 5, 2025) and NSE (dated August 25, 2025) for its proposed Rights Issue. The company plans to raise up to Rs. 49.50 Crores by issuing equity shares of face value Rs. 10 each to its existing eligible shareholders on a rights basis. The exact number of shares, issue price (including premium), and the rights ratio are yet to be finalised and disclosed. The issue must open for subscription within 12 months from the date of NSE's approval letter. Mark Corporate Advisors is the lead manager and Bigshare Services is the registrar for the issue.
Existing shareholders will get an opportunity to subscribe to new shares to maintain their proportional ownership; those who do not participate will see their stake diluted. The attractiveness of the issue will depend on the final issue price and rights ratio, which are yet to be announced.