Inox Wind Launches ₹1,249 Crore Rights Issue to Cut Debt and Boost Growth – EQ
In Short : Inox Wind plans to raise ₹1,249.33 crore through a rights issue by offering 10.41 crore shares at ₹120 each, a 27% discount to market price. Shareholders will get 5 shares for every 78 held. The issue opens on August 6 and closes on August 20, with proceeds used for debt reduction, preference share repayment, and general corporate purposes.
In Detail : Inox Wind has announced plans to raise ₹1,249.33 crore through a rights issue of equity shares. The company will issue 10.41 crore new shares to existing shareholders at ₹120 per share. This price includes a ₹10 face value and a ₹110 premium.
The rights issue is being offered at a nearly 27% discount compared to the current market price of Inox Wind’s shares, which is around ₹165 to ₹166. This pricing strategy is expected to attract shareholder participation.
Under the offer, eligible shareholders will receive five new equity shares for every 78 shares held as of the record date. The record date for determining eligibility has been fixed as Tuesday, July 29, 2025.
The rights issue will open for subscription on August 6 and will close on August 20, 2025. Shareholders can renounce their rights partially or fully, either on-market until August 14 or off-market until August 19.
The company plans to utilize the funds raised through this issue primarily for repaying outstanding preference shares issued to promoters. A portion of the proceeds will also go towards reducing overall debt and supporting general corporate needs.
Inox Wind expects that this capital infusion will help strengthen its balance sheet and improve its financial health. Reducing debt is seen as a key step in enhancing future profitability and investor confidence.
Additionally, part of the funds will be invested in the company’s subsidiaries, supporting expansion and operations. The strategic deployment of these resources is expected to fuel future growth.
Following the rights issue, the company’s total equity base will increase significantly. The number of outstanding equity shares will rise from 162.41 crore to 172.82 crore, assuming full subscription.
This rights issue marks an important move by Inox Wind to secure long-term capital, reduce financial liabilities, and position itself for sustainable growth in India’s wind energy sector.
