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Inox Wind Limited completes allotment of Equity Shares and Convertible Warrants worth Rs. 402.50 Crore
Promoters infused Rs. 150 Crore through preferential issue of equity shares. Samena Green Limited, Non Promoter- foreign company has subscribed equity shares and convertible warrants aggregating Rs. 152.50 Crore. Lend Lease Company (India) Limited, Non Promoter has subscribed equity shares and convertible warrants aggregating Rs. 100 Crore. Promoters have also been allotted equity shares aggregating […]
- Promoters infused Rs. 150 Crore through preferential issue of equity shares.
- Samena Green Limited, Non Promoter- foreign company has subscribed equity shares and convertible warrants aggregating Rs. 152.50 Crore.
- Lend Lease Company (India) Limited, Non Promoter has subscribed equity shares and convertible warrants aggregating Rs. 100 Crore.
- Promoters have also been allotted equity shares aggregating Rs. 485 Crore upon part conversion of 0.0001% Compulsory Convertible Preference Shares which were issued upon variation of the terms of 0.01% Non-Convertible, Non-Cumulative, Participating, Redeemable Preference Shares.
June 3, 2022 : Inox Wind Limited, India’s leading wind energy solutions provider, has on 2nd June, 2022 completed the allotment of equity shares at an issue price of Rs. 126/- (Rupees One Hundred and Twenty Six only) per equity share inclusive of a premium of Rs. 116/- per equity share and convertible warrants for an issue price of Rs. 132/- (Rupees One Hundred and Thirty Two only) per convertible warrant, inclusive of a premium of Rs. 122/-, to Promoters and other investors, pursuant to the preferential issue for cash aggregating upto Rs. 402,50,00,000 (Rupees Four Hundred and Two Crore Fifty Lakh only) as per the resolutions passed by the Board of Directors on 20th April, 2022 and the Shareholders of the Company on 13th May, 2022 and upon receipt of all requisite approvals:
| S.No. | Name of the Investor and relationship | Amount of Equity Shares allotted | Amount of Convertible Warrants allotted |
| 1. | Inox Leasing and Finance Limited, an entity forming part of the Promoter Group | Rs.150.00 Crore | – |
| 2. | Samena Green Limited, (“Samena”), Non Promoter- foreign company | Rs. 32.50 Crore | Rs. 120.00 Crore* |
| 3. | Lend Lease Company (India) Limited, (“Lend Lease”), Non Promoter | Rs. 30.00 Crore | Rs. 70.00 Crore* |
| Total | Rs. 212.50 Crore |
Rs. 190.00 Crore | |
* upon upfront receipt of 25% of the warrant subscription amount and the balance 75% shall be payable at the time of exercise of such convertible warrant.
