Inox Wind Limited has informed the Exchange regarding 'Letter of Offer for the Rights Issue of Equity Shares of the Company'.
INOXWIND · price
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Inox Wind Limited has filed the Letter of Offer for a Rights Issue of up to 10,41,10,712 fully paid-up equity shares of face value Rs. 10 each, aggregating up to Rs. 1,249.33 Crores. The issue price is Rs. 120 per share, including a premium of Rs. 110 per share. Eligible shareholders will get 5 Rights Equity Shares for every 78 shares held on the Record Date of Tuesday, July 29, 2025. The issue opens on August 6, 2025, and closes on August 20, 2025, with listing expected around August 25, 2025. CARE Ratings Limited is the monitoring agency and MUFG Intime India is the registrar for the issue.
Eligible shareholders as on the record date (July 29, 2025) can subscribe to the rights shares in the specified ratio. The issue will lead to dilution of existing shareholdings for shareholders who choose not to subscribe, and the stock may trade ex-rights ahead of the record date.