IPO of Inox Wind’s subsidiary Inox Green Energy Services to come by October
IPO will come in 30 to 45 days
Tarachandani said that the company plans to bring an IPO in the next 30 to 45 days. Inox Green had earlier submitted draft documents for the IPO with SEBI in February. But the company withdrew these documents in April without assigning any reason.
New equity shares worth Rs 370 crore will be issued
The new draft documents were filed by the company on June 17. According to these, new equity shares of Rs 370 crore will be issued in the Rs 740 crore IPO. Also, its promoter Inox Wind will offer sale of shares worth Rs 370 crore. Tarachandani said that Inox Green Energy is currently achieving a growth of 30 to 40 percent annually.
FPIs put 12,000 crores in the market this month
Last week, the Sensex had lost 952.35 points or 1.59 per cent. While the Nifty was down 302.50 points or 1.69 per cent. Talking about the last trading session of the week, the Sensex closed at 58,840.79 on Friday, down 1,093.22 points or 1.82 per cent. At the same time, Nifty closed at 17,530.85, down 1.94 per cent or 346.55 points. Foreign Portfolio Investors (FPIs) have invested Rs 12,000 crore in the Indian stock markets so far in the month of September.
