Indowind Energy Rights Issue Oversubscribed At Rs 494 Million

12 Dec 2025 CW Team

Indowind Energy Limited, a renewable power producer specialising in wind energy generation, has announced the successful closure of its rights issue of fully paid-up equity shares. The company, which owns, operates and maintains windmills across India, launched the offer on 1 December 2025.

The rights issue comprised 32.20 million equity shares and attracted subscriptions of 33.49 million shares, resulting in an oversubscription of 1.04 times. The offer period ran from 1 to 9 December 2025. The issue aggregated to Rs 494.3 million, priced at Rs 15.35 per share (including a premium of Rs 5.35), and was offered in the ratio of 1 share for every 4 fully paid-up shares held as of the record date, 19 November 2025.

Use of Funds

According to the Letter of Offer dated 13 November 2025, proceeds from the issue will be deployed towards:

Investment in a 4 MW solar power project in Karnataka

Repayment of secured and unsecured loans from corporate promoters:

Loyal Credit & Investments Limited

Indus Finance Limited

General corporate purposes

Allotment, listing and trading of the new shares on the NSE and BSE are expected to be completed by 17 December 2025 and 26 December 2025, respectively.

Issue Intermediaries

Lead Manager: Mark Corporate Advisors Private Limited

Registrar: Bigshare Services Private Limited

Legal Advisor: Rajani Associates, Advocates and Solicitors

Banker to the Issue: Axis Bank Limited

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..