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Inox Green Energy board approves proposal to raise Rs 900 cr via IPO

The proposed IPO will comprise fresh issuance of equity shares aggregating up to Rs 500 crore

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Press Trust of India
Inox wind arm Inox Green Energy Services' board on Monday approved a proposal to raise Rs 900 crore through an initial public offer (IPO).

The proposed IPO will comprise fresh issuance of equity shares aggregating up to Rs 500 crore and an offer for sale (OFS) of equity shares by certain shareholders to the tune of Rs 400 crore, Inox Wind said in a BSE filing.

"Board of Directors of our Company's material subsidiary, Inox Green Energy Services Ltd (Earlier known as Inox Wind Infrastructure Services Ltd) (IGESL) in their meeting held today i.e. May 9, 2022, has accorded a fresh approval

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