Inox Green Energy Services board to meet on 26 June; to consider fundraise options
Inox Green Energy Services Limited, a major wind power operation and maintenance service provider, will schedule a board meeting on June 26 to consider a proposal for raising of funds, the company said in a regulatory filing.
«We wish to inform you that a meeting of the Board of Directors of Inox Green Energy Services Limited is scheduled to be held on Wednesday, 26 June to consider the proposal for raising of funds by way of issuance of one or more securities including equity shares, convertible securities of any description or warrants, through preferential issue, private placement, rights issue or any other methods or combination thereof as may be permitted under applicable laws,» the company said.
ET reported on 17 June that the company is planning to raise upto Rs 1000 crore through preferential allotment and warrant issuance to fund future acquisitions.
Last month Inox Green Energy Services reported a net profit of Rs 21.32 crore for the quarter ended March 2024 as against a net loss of Rs 0.57 crore during the previous quarter ended March 2023. Sales declined 7.69% to Rs 52.43 crore in the quarter ended March 2024 as against Rs 56.80 crore during the previous quarter ended March 2023.
