Inox Green Energy Services board nods for raising ₹1,050 crore via preferential issue

The board of Inox Green Energy Services has approved raising of funds aggregating to ₹1,050 crore through preferential issue.

According to the stock exchange filing, the preferential issue pertains to 2,89,85,503 equity shares of face value ₹10 each at an issue price of ₹138 per share inclusive of a premium of ₹128 per share, aggregating upto ₹400 crore to non promoter entities; and upto 4,48,27,582 convertible warrants, each carrying a right to subscribe to one share of face value ₹10 each at a price of ₹145 per warrant inclusive of premium of ₹135 per equity share for each convertible warrant, from time to time, in one or more tranches, within a period of 18 months commencing from the date of allotment, aggregating upto ₹650 Crore to both promoter/ promoter group and non-promoter entities. 

Shares declined by 1.36 per cent on the NSE to trade at ₹169.54 as of 2.29 pm.

Crime Today News | Markets | Commodities | Forex | Stocks

Source | Powered by Yes Mom Hosting
Crime Today News Agency

Crime Today News

Welcome to Crime Today News, your trusted source for timely and unbiased news coverage. Since our inception in 2014, we have been dedicated to delivering the latest updates to our valued readers and viewers across Telangana.

Related Posts