Inox Wind promoters invest Rs 500 crore to repay debt


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Inox Wind Chief Executive Officer (CEO) Kailash Tarachandani said the recent fund raising initiative led by the promoters of IWL and subsequent capital infusion has strengthened the financial position of the company to a great extent.

New Delhi. Inox Wind Ltd (IWL) on Thursday said its promoter and promoter group entities have infused Rs 500 crore in the company to repay debt. The company said in a BSE filing that its promoter and promoter group entities raised funds through sale of equity shares of Inox Wind in the stock market.

Inox Wind Chief Executive Officer (CEO) Kailash Tarachandani said the recent fund raising initiative led by the promoters of IWL and subsequent capital infusion has strengthened the financial position of the company to a great extent. INOX WIND is a part of INOXGFL Group.

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