New Delhi: Indowind Energy Ltd on Wednesday said its board has approved a proposal to raise Rs 49 crore through a rights issue.
The total number of equity shares proposed to be issued and the size of the rights issue is 2,14,66,956, the company said in an exchange filing.
“The meeting of the Board of Directors held on Monday authorized the rights issue of an amount up to Rs 4,900 lakh through rights issue to the eligible equity shareholders of the company and approved the draft letter of intent on Friday, March 29, 2024. Proposal,” it said.
The company said the rights issue is priced at Rs 22.5 per equity share (including premium of Rs 12.50 per equity share) and the record date for the same is July 16, 2024.
The total number of equity shares proposed to be issued and the size of the rights issue is 2,14,66,956, the company said in an exchange filing.
“The meeting of the Board of Directors held on Monday authorized the rights issue of an amount up to Rs 4,900 lakh through rights issue to the eligible equity shareholders of the company and approved the draft letter of intent on Friday, March 29, 2024. Proposal,” it said.
The company said the rights issue is priced at Rs 22.5 per equity share (including premium of Rs 12.50 per equity share) and the record date for the same is July 16, 2024.
