Inox Wind Limited has informed the Exchange regarding 'Allotment of Equity Shares under Rights Issue'.
INOXWIND · price
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Awaiting price reaction for this filing.
Inox Wind has completed its rights issue, allotting all 10,41,10,712 equity shares of face value Rs. 10 each at an issue price of Rs. 120 per share, including a premium of Rs. 110. The issue size aggregates to up to Rs. 1,249.33 crores. The rights issue opened on 6th August 2025 and closed on 20th August 2025, with allotment approved on 21st August 2025. Following this allotment, the company's paid-up equity share capital has risen from Rs. 1,624.13 crores to Rs. 1,728.24 crores. The entire issue was fully subscribed, with all eligible shares allotted to existing shareholders and renouncees.
This is a meaningful capital raise (Rs. 1,249+ crores) but comes with significant share count expansion, which is dilutive for existing shareholders. Stock price may face short-term pressure due to the larger float, though the fresh capital strengthens the company's balance sheet for growth or debt reduction.