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Board of Indowind Energy approves allotment of warrants on preferential basis

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Capital Market

At meeting held on 17 January 2018

Indowind Energy announced that the Board of Directors at its meeting held on 17 January 2018 has approved the following -

To issue and allot up to 3 crore warrants of Rs 10 at an issue price of Rs 14.25 each on preferential basis, which shall be converted into equity shares of Rs 10 each.

To increase authorised capital from Rs 107 crore to Rs 120 crore.

Approved notice of EGM to be held on 16 February 2018 for the aforementioned agenda items.

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First Published: Jan 18 2018 | 11:05 AM IST

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