Inox Wind Ltd board to consider fund raising on Oct 6, 2021

A Meeting of the Board of Directors of Inox Wind Limited is scheduled to be held on Wednesday, 6 October, 2021, to consider and evaluate proposals for raising funds by way of issue of bonds/ debentures/ non-convertible debt instruments / equity shares / preference shares / warrants or any other securities, including through preferential issue or on private placement basis, qualified institutional placement, rights issue or any other methods or combination thereof as may be permitted under applicable law, conversion of existing obligations of the Company into securities of the Company, subject to approvals from the shareholders, stock exchanges and other regulatory / governmental authorities, as may be required.

The Board, if required, would also consider convening an extra-ordinary general meeting / postal ballot process to seek approval of the shareholders in respect of the aforesaid proposal.

Shares of Inox Wind Limited was last trading in BSE at Rs. 99.55 as compared to the previous close of Rs. 97.9. The total number of shares traded during the day was 63611 in over 710 trades.

The stock hit an intraday high of Rs. 101.4 and intraday low of 97.65. The net turnover during the day was Rs. 6299341.

Source : Equity Bulls

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