Indowind Energy Approves ₹49.42 Crore Rights Issue; Sets Price at ₹15.35 With 1:4 Entitlement

Chennai, November 13: Indowind Energy Ltd has announced key details for its upcoming ₹49.42 crore rights issue. Under the rights issue, the company will issue 3.22 crore fully paid-up equity shares. The company took the decision at its Rights Issue Committee meeting held today.

Indowind Energy Limited (NSE: INDOWIND, BSE: 532894) is an Indian company whose primary business is to generate green power by developing, owning, and managing wind farms. The company was established in 1995, and is headquartered in Chennai, Tamil Nadu.

Indowind Energy Rights Issue Details

Indowind Energy will issue 3,22,00,434 equity shares in its upcoming rights issue. The issue price has been fixed at ₹15.35 per share, with a premium of ₹5.35. The rights entitlement ratio is 1:4. This means shareholders, who held four shares of the company on the record date, will receive one extra share. The record date to determine eligible shareholders has been fixed as November 19, 2025. The subscription window will open on December 1, 2025, and close on December 9, 2025. December 4, 2025, will be the last date for market renunciation.

Shares Fall 1.13% At ₹16.67

As of 2:40 PM, Indowind Energy share price was down by 1.13%, or 0.19 points, and was trading at ₹16.67. The traded volume stood at 2.60 lakh shares, with the company’s market cap at ₹217 crore.

Investor Takeaway

Indowind Energy has announced the details for its upcoming rights issue, providing more clarity to investors. Investors can apply to the right issue to take advantage of the premium of ₹5.35 announced by the company. The rights issue is aimed at increasing the liquidity for the stock. However, the share price is witnessing negative investor demand, leading to a fall.

REF: https://nsearchives.nseindia.com/corporate/INDOWIND_13112025132411_RIOUTCOME13112025.pdf

Disclaimer:  At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations