Chennai: Indowind Energy Limited, involved in wind energy-based renewable power generation and distribution business, has announced the successful closure of the issue of 2,14,66,956 (Two Crores Fourteen Lakhs Sixty-Six Thousand Nine Hundred and Fifty Six) fully paid−up Equity Shares on rights basis to the eligible equity shareholders (which was launched on July 26, 2024. The issue resulted into subscription of 3,40,60,362 shares resulting into oversubscription by 1.59 times. The issue period was from July 26, 2024, to August 05, 2024. The issue size was 2,14,66,956 (Two Crores Fourteen Lakhs Sixty-Six Thousand Nine Hundred and Fifty Six) fully paid-up Equity Shares aggregating to Rs. 4,830.06 lakhs (Rupees Forty Eight Crores Thirty Lakhs Only) for cash, at a price of Rs. 22.50 per Equity Share (including a premium of Rs. 12.50 per Equity Share) on a rights basis to its eligible equity shareholders in the ratio of 1 (One) Rights Equity Share for every 05 (Five) fully paid-up Equity Shares held as on record date i.e. July 16, 2024.
