Brief: Inox Wind Says Board Of Directors Approve Infusion Of Capital

Inox Wind

31/05/2024 13:41

May 31 (Reuters) - Inox Wind Ltd  INWN.NS :
    * BOARD OF DIRECTORS APPROVE INFUSION OF CAPITAL INTO INOX
WIND
    * INOX WIND ENERGY RAISED 9 BILLION RUPEES THROUGH SALE OF
SHARES
OF INOX WIND VIA BLOCK DEALS
    * INOX WIND ENERGY TO INFUSE FUNDS IN INOX WIND
    * FUNDS TO BE USED TO PARE DOWN CO'S NET EXTERNAL DEBT AS
WELL AS
AUGMENT ITS WORKING CAPITAL REQUIREMENTS
    * POST FUND INFUSION, IWL WILL BECOME NET DEBT FREE,
EXCLUDING
PROMOTER DEBT

Source text for Eikon:  ID:nBSEZQjyn 
Further company coverage:  INWN.NS 

 ((Reuters.Briefs@thomsonreuters.com;;))