+
Inox Green Energy Services approved for Rs 10.50 billion fundraise
POWER & RENEWABLE ENERGY

Inox Green Energy Services approved for Rs 10.50 billion fundraise

In a statement released, Inox Green Energy Services announced that its board of directors had sanctioned a proposal to raise funds amounting to Rs 10.50 billion through the issuance of equities and convertible warrants. The decision was made during a board meeting held earlier that day.

According to the approved plan, the company intends to issue more than 20.89 million equity shares at an issue price of Rs 138 per share, inclusive of a premium of Rs 128 per share, totalling up to Rs 4 billion, to non-promoter entities.

Additionally, Inox Green Energy Services plans to issue over 40.48 million convertible warrants, each entitling the holder to subscribe to one equity share with a face value of Rs 10 each, at a price of Rs 145 per warrant, inclusive of a premium of Rs 135 per warrant. This issuance will occur in one or more tranches, aggregating up to Rs 6.50 billion, and will be available to both promoter and non-promoter entities.

Inox Green Energy Services, a subsidiary of the INOX GFL Group, operates within the sector of providing operation and maintenance (O&M) services, as well as common infrastructure facilities for wind turbine generators.

In a statement released, Inox Green Energy Services announced that its board of directors had sanctioned a proposal to raise funds amounting to Rs 10.50 billion through the issuance of equities and convertible warrants. The decision was made during a board meeting held earlier that day. According to the approved plan, the company intends to issue more than 20.89 million equity shares at an issue price of Rs 138 per share, inclusive of a premium of Rs 128 per share, totalling up to Rs 4 billion, to non-promoter entities. Additionally, Inox Green Energy Services plans to issue over 40.48 million convertible warrants, each entitling the holder to subscribe to one equity share with a face value of Rs 10 each, at a price of Rs 145 per warrant, inclusive of a premium of Rs 135 per warrant. This issuance will occur in one or more tranches, aggregating up to Rs 6.50 billion, and will be available to both promoter and non-promoter entities. Inox Green Energy Services, a subsidiary of the INOX GFL Group, operates within the sector of providing operation and maintenance (O&M) services, as well as common infrastructure facilities for wind turbine generators.

Next Story
Infrastructure Urban

GRM Overseas Reports Q1 FY26 Results; Strengthens Global & Domestic Presence

GRM Overseas has announced its unaudited financial results for the quarter ended 30 June 2025. The company reported a positive performance in terms of margins and profitability, despite topline pressures from global geopolitical challenges.Atul Garg, Managing Director, said:"We have maintained healthy margins and profitability while navigating short-term headwinds. Our focus remains on expanding our product portfolio, enhancing brand visibility, and deepening our distribution network. Internationally, we continue to hold a strong position in the Basmati rice export market, particularly in the ..

Next Story
Infrastructure Urban

Zuari Industries Posts Q1 FY26 Revenue Growth; PAT Turns Positive

Zuari Industries has announced its audited financial results for the quarter ended 30 June 2025.On a standalone basis, the company reported Revenue from Operations of Rs 2.10 billion and Operating EBITDA of Rs 220.4 million. Standalone Profit Before Tax (PBT), before exceptional items, stood at Rs 90 million.On a consolidated basis, Revenue rose 10.5 per cent year-on-year to Rs 2.67 billion, while Profit After Tax (PAT) stood at Rs 50 million compared to a loss of Rs 330.6 million in Q1 FY25.Segment HighlightsSugar, Power & Ethanol: Operations were impacted by an early mill closure due to ..

Next Story
Infrastructure Urban

Karnataka Bank Reports Q1 FY26 Net Profit of Rs 2.92 Bn

Karnataka Bank has announced a net profit of Rs 2.92 billion for the first quarter of FY26, compared to Rs 4 billion in Q1 FY25. The results were approved at the Board of Directors meeting held on 13 August 2025 at the Bank’s headquarters in Mangaluru.Asset Quality & Capital AdequacyGross NPA: 3.46 per cent, improved from 3.54 per cent in Q1 FY25.Net NPA: 1.44 per cent, down from 1.66 per cent in Q1 FY25.Capital Adequacy Ratio (CAR): 20.46 per cent, up from 17.64 per cent in Q1 FY25.Announcing the results, Raghavendra S Bhat, Managing Director & CEO, said:"The Bank has registered a m..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?