Inox Wind plans $150m rights issue capital raise

Inox Wind Limited plans to raise up to 1,250 crores ($150 million) through a rights issue of equity shares.

The company's board approved the fund-raising plan on July 17, with shares carrying a face value of 10 rupees each. The rights issue will be offered to eligible equity shareholders, though the record date, issue price, and entitlement ratio have yet to be determined.