India's Inox Wind up on capital infusion to be net debt free

Suzlon Energy

04/07/2024 08:34

** Shares of Inox Wind  INWN.NS  rise as much as 15.1% to
164 rupees, highest since May 27
    ** Co said on Thursday its promoter Inox Wind Energy
 INOX.NS  completed the infusion of 90 bln rupees ($1.1 bln) in
co to pare down external term debt to achieve net debt free
status
    ** More than 65 mln shares change hands, 6.4x its 30-day avg
    ** Stock up 28% so far this year vs a 20% and 46% rise,
respectively, in shares of rival CESC  CESC.NS  and Suzlon
Energy  SUZL.NS  



($1 = 83.4890 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))