Board of Inox Wind approves fund raising up to Rs 40250 cr

23 Apr 2022 , 01:32 AM

The Board of Inox Wind at its meeting held on 20 April 2022 has approved raising of funds up to Rs 40250 crore by way of preferential issue of equity shares and convertible warrants to Inox Lending and Finance promoter group Samena Green non promoter foreign company and Lend Leasing India non promoter The allocation of equity shares and warrants will be as follows – Inox Lending and Finance – Rs 150 crore preferential issue of equity shares Samena Green – Rs 15250 crore preferential issue of equity shares Rs 3250 crore and convertible warrants Rs 120 crore Lend Leading India – Rs 100 crore preferential issue of equity shares of Rs 30 crore and convertible warrants Rs 70 crore The Board also approved conversion of 001Percentage Non-Convertible Non-Cumulative Participating Redeemable Preference Shares allotted to promoter group to Compulsorily Convertible Preference Shares aggregating to Rs 91835 crore