Indowind Energy Limited Rights Issue Of 3,22,00,434 Equity Shares, Issue Oversubscribed By 1.04 Times On Closure Of Issue (Issue Closed On December 09, 2025)
Chennai (Tamil Nadu) [India], December 15: Indowind Energy Limited, involved wind energy-based renewable power generation and distribution focused on owning, operating and maintaining windmills announced today, the successful closure of the issue of 3,22,00,434 (Three Crores Twenty-Two Lakhs Four Hundred and Thirty-Four) fully paid-up Equity Shares on rights basis to the eligible equity shareholders (the “Rights Issue”) which was [...]
Chennai (Tamil Nadu) [India], December 15: Indowind Energy Limited, involved wind energy-based renewable power generation and distribution focused on owning, operating and maintaining windmills announced today, the successful closure of the issue of 3,22,00,434 (Three Crores Twenty-Two Lakhs Four Hundred and Thirty-Four) fully paid-up Equity Shares on rights basis to the eligible equity shareholders (the “Rights Issue”) which was launched on December 01, 2025.
The issue resulted in subscription of 3,34,94,890 shares*, resulting in oversubscription by 1.04* times. The issue period was from December 01, 2025, to December 09, 2025. The issue size was 3,22,00,434 (Three Crores Twenty-Two Lakhs Four Hundred and Thirty-Four) fully paid-up Equity Shares aggregating to Rs. 49.43 Crores (Rupees Forty-Nine Crores Forty-Three Lakhs Only) for cash, at a price of Rs. 15.35 per Equity Share (including a premium of Rs. 5.35 per Equity Share) on a rights basis to its eligible equity shareholders in the ratio of 1 (One) Rights Equity Share for every 04 (Four) fully paid-up Equity Shares held as on record date i.e. November 19, 2025.
The funds raised via the rights issue will be used in the manner described in the Letter of Offer dated November 13, 2025, i.e.
