Inox Wind approves INR120/shr issue price in rights issue

Inox Wind approves INR120/shr issue price in rights issue

In a significant move to bolster its financial position and drive growth in the wind energy sector, Inox Wind Limited has approved a rights issue of up to ₹1,250 crore. The company's board, at a meeting held on July 17, 2025, gave the green light to raise funds through the issuance of equity shares at an issue price of ₹120 per share. This capital raise aims to support the company's future operations and advance its wind energy ambitions.

The board's decision to approve the rights issue was announced in an official stock exchange filing. The company stated, "The board of directors of the company, at its meeting held today i.e. 17th July, 2025, has, inter-alia, considered and approved funds raising through the issuance of equity shares of face value Rs. 10/- each by way of rights issue for an amount not exceeding Rs 1,250 crore." Detailed terms, including the issue price, entitlement ratio, and record date, will be finalized by the board in due course, subject to all applicable approvals [1].

Inox Wind is a key player in India’s renewable energy ecosystem, offering end-to-end wind power solutions from turbine manufacturing to project execution. This fundraising initiative is expected to fuel the company’s growth momentum and enhance its ability to deliver on ambitious clean energy targets. As demand for sustainable energy rises, the capital raised will help Inox Wind scale operations and improve financial flexibility.

As of July 18, 2025, at 9:50 AM, Inox Wind's share price is trading at ₹165.26 per share, reflecting a decline of 1.15% from the previous closing price. Over the past month, the stock has declined by approximately 2.63%.

The ₹1,250 crore rights issue signals Inox Wind’s strategic intent to solidify its position in India’s wind energy market. With the board’s backing and a clear focus on long-term expansion, the company is well-placed to harness the growing opportunities in the renewable energy space.

References:
[1] https://www.angelone.in/news/inox-wind-board-clears-1-250-crore-rights-issue-to-fund-future-growth