Suzlon’s peer Inox Wind Ltd to raise ₹1,250 crore via rights issue
Inox Wind, a prominent peer to Suzlon in India's wind energy sector, announced a rights issue to raise up to ₹1,250 crore. This fundraising will offer equity shares to eligible shareholders on terms yet to be finalised. With robust order book of 3,200 MW, company has delivered impressive multibagger returns of 250% in two years and 1,750% in five years.