Indowind Energy To File Draft Letter of Offer for Upcoming Rights Issue of Rs 50 Crore
By Ankur Chandra | Published at: Jul 15, 2025 04:10 PM IST
Chennai, July 15, 2025 – Indowind Energy Ltd (NSE: INDOWIND | BSE: 532894) will file Draft Letter of Offer for its rights issue of Rs 50 crore.
The development followed the company’s board approval on December 18, 2024, to raise funds not exceeding ₹50 crore through a rights issue.
Indowind Energy’s stock closed at ₹19.61 today, ending on a flat note. The stock opened at ₹19.95 and traded within a range of ₹19.57 – 19.95 during the day. The stock currently has a 52-week high of ₹32.65 and a 52-week low of ₹14.16.
Key Details of the Rights Issue
| Particulars | Details |
|---|---|
| Rights Issue Size | Up to ₹4,950 lakh |
| Previous Board Approval Limit | ₹5,000 lakh |
| Rights Entitlement & Pricing | To be announced |
| Record Date | To be announced |
| Draft Letter of Offer | Approved for filing |
| Applicable Regulations | SEBI ICDR 2018, SEBI LODR 2015, Companies Act 2013 |
The committee has been vested with the authority to finalize all specific terms of the issue, including the price, rights entitlement ratio, record date, payment structure, and timing of the offering. These details will be disclosed in due course in compliance with SEBI’s Issue of Capital and Disclosure Requirements (ICDR) Regulations, 2018, and other applicable laws.
Regulatory Compliance
This issue will be conducted in accordance with:
- SEBI (ICDR) Regulations, 2018
- SEBI (LODR) Regulations, 2015
- Companies Act, 2013 and relevant rules
About the Company
Indowind Energy Ltd is a BSE- and NSE-listed independent power producer engaged in wind energy generation and asset development. The company operates wind farms across Tamil Nadu and Karnataka and provides turnkey solutions in renewable energy.
The company’s rights issue reflects a strategic effort to improve its capital structure and fuel growth in India’s renewable energy sector.
REF:https://nsearchives.nseindia.com/corporate/INDOWIND_15072025132034_out.pdf
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