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

Real Estate

27 Jan 2026

A Paradigm Shift

The Indian real-estate and construction sector, which employs a significant number of organised and unorganised workers in the country, has embarked on a paradigm shift in its regulatory framework from an employment law perspective. With the four Labour Codes – the Code on Wages, 2019 (Wage Code); the Industrial Relations Code, 2020 (IR Code); the Code on Social Security, 2020 (SS Code) and the Occupational Safety, Health and Working Conditions Code, 2020 (OSH Code) – coming into effect in India from November 21, 2025, the industry is shifting away from a fragmented, contractor- driven com..

We offer end-to-end traceability at scale

mjunction has evolved from an e-auction pioneer into a multi-vertical digital commerce platform with deep expertise in complex steel and coal supply chains. Its end-to-end, AI-led architecture focuses on price discovery, traceability, compliance and scalability, enabling transparent procurement, efficient logistics and data-driven decision-making across geographies. Vinaya Varma, MD, shares more about the company in conversation with CW.From a technology standpoint, what are the core USPs of mjunction today that differentiate it in steel and coal supply chains?mjunction has evolved b..

Henkel, Rotary Recycle PoP Ganesha Idols Under Project HARMONY

Henkel India, in partnership with the Rotary Club of Navi Mumbai – Joy of Giving and with support from the Navi Mumbai Municipal Corporation (NMMC), has advanced circular sustainability through Project HARMONY by recycling Plaster of Paris (PoP) Ganesha idols into community learning assets. The initiative highlights an integrated approach to environmental restoration and social impact.As part of the project, materials collected after Ganesh Visarjan 2025 at Nerul were responsibly diverted from land and water bodies and processed at an authorised recycling facility, with on-ground execution s..