Inox Green Energy Services Ltd to Raise ₹600 Crore

Inox Green Energy Services Limited's Board of Directors has approved a fundraise of up to ₹600 Crore. The fundraising will comprise a base issue size of ₹400 Crore and a green shoe option of ₹200 Crore. The funds will be raised through various instruments including equity shares, convertible debentures, or other eligible securities via preferential allotment, private placement, or qualified institutions placement. An Extra-Ordinary General Meeting (EGM) will be convened to seek shareholder approval for the proposed fundraise. The IGESL Committee of the Board of Directors for Operations has been authorized to decide the terms and conditions of the fundraising.