India's Inox Wind rises after CEO says unit to file IPO in October

Inox Wind

19/09/2022 08:03

** Shares of wind energy equipment maker Inox Wind  INWN.NS 
rise as much as 8.55% to 157.50 rupees, their biggest intraday
pct gain since September 1
    ** Co's unit Inox Green Energy Services plans to launch its
Initial Public Offering (IPO) in the next 30 to 45 days, CEO
Kailash Lal Tarachandani told PTI, Business Standard reported
Sunday [https://bityl.co/ET4a
]
    ** According to the latest Draft Red Herring Prospectus
(DRHP) filed on June 17, unit to raise 7.40 billion rupees
($92.90 million) to fund its expansion plans, including fresh
issue of shares worth up to 3.70 billion rupees  urn:newsml:reuters.com:*:nFWN2Y600D
    ** More than 969,329 shares change hands by 0636 GMT vs
30-day avg of 1.1 million shares
    ** Stock up 25.4% YTD up to last close



($1 = 79.6575 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com;))