After Suzlon, Inox Wind Set To Become Net Debt Free After Promoter Pumps ₹900 Cr
Inox Wind Limited (IWL), a major player in India’s wind energy sector, has declared that it will become a net debt-free company.
This announcement comes in the wake of a ₹900 crore infusion from its promoter, Inox Wind Energy Limited (IWEL). The capital was raised on May 28, 2024, through the sale of IWL’s equity shares in block deals on various stock exchanges.
The raised funds are earmarked for the complete repayment of IWL’s external term debt. This move will enable the company to achieve a net debt-free status, except for promoter debt https://earnfree.in/market-updates-4-july/ #StockMarket #FinancialNews #Investment #Trading After Suzlon, Inox Wind Set To Become Net Debt Free After Promoter Pumps ₹900 Cr
Inox Wind Limited (IWL), a major player in India’s wind energy sector, has declared that it will become a net debt-free company.
This announcement comes in the wake of a ₹900 crore infusion from its promoter, Inox Wind Energy Limited (IWEL). The capital was raised on May 28, 2024, through the sale of IWL’s equity shares in block deals on various stock exchanges.
The raised funds are earmarked for the complete repayment of IWL’s external term debt. This move will enable the company to achieve a net debt-free status, except for promoter debt https://ift.tt/gkRvYpS #StockMarket #FinancialNews #Investment #Trading
