Inox Wind Energy board allots over 10.62 lakh convertible warrants aggregating up to Rs90 crore

16 Feb 2022 , 09:31 AM

Inox Wind Energy Ltd has informed to the exchanges regarding allotment of 10,62,573 Warrants convertible into Equity Shares on a preferential basis.

As per regulatory filing, the Company at its meeting held on February 14, 2022 had issued and allotted 10,62,573 Warrants convertible into Equity Shares at a price of Rs. 8471- per warrant, on receipt of upfront payment of 25% of Warrant Subscription Price, on a preferential basis to the allottees, with a right to the warrant holder to apply for and be allotted 1 Equity Share of face value of & 10/- each of the Company at a premium of Rs. 8371- per share for each Warrant, from time to time, in one or more tranches, anytime within a period of 18 months from the date of allotment of the Warrants, aggregating up to Rs90 crore, said company.

At around 9:32 AM, Inox Wind Energy was trading at Rs717.05 per piece higher by 1.13% on Sensex.