Inox Wind Limited has informed the Exchange that Board of Directors at its meeting held on July 17, 2025, has decided to issue equity shares by way of rights issue.
INOXWIND · price
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On the reaction day the stock moved 0.8 pts less than Nifty Smallcap 250 and 1.0 pts less than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board of directors of Inox Wind Limited, at a meeting held on July 17, 2025, approved raising funds through a rights issue of equity shares with a face value of Rs. 10 each, for an amount not exceeding Rs. 1,250 Crores. The offer will be made to eligible existing equity shareholders as per the record date, which is yet to be announced. Key terms such as the issue price, entitlement ratio, payment schedule, and the record date itself will be decided by the board later. The issue is subject to statutory, regulatory, and other required approvals under the Companies Act, 2013 and SEBI (ICDR) Regulations.
The rights issue will bring in fresh capital for the company but may dilute existing shareholders depending on the entitlement ratio and pricing, which are yet to be disclosed. The stock could see short-term volatility once the record date and pricing are announced.