{"id":12958,"date":"2022-01-03T17:34:40","date_gmt":"2022-01-03T12:04:40","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-inox-wind\/"},"modified":"2022-01-03T17:47:44","modified_gmt":"2022-01-03T12:17:44","slug":"biz-inox-wind","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-inox-wind\/","title":{"rendered":"Inox Wind seeks shareholders nod to raise up to Rs 90 cr via convertible warrants"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2900176686\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>New Delhi, Jan 3 (PTI) Inox Wind Energy will seek shareholders&#8217; approval to raise up to Rs 90 crore through issuance of 10.62 lakh convertible warrants in its Extraordinary General Meeting (EGM) later this month.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2878867169\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> The convertible warrants will be issued at the rate of Rs 847 per unit in the EGM on January 25, 2022, a BSE filing said.<\/p>\n<p> The funds will be used for meeting the funding requirements of the company, its subsidiaries&#8217; consolidated business operations and for general corporate purposes.<\/p>\n<p> On December 27 last year, the company&#8217;s board had approved a proposal to this effect.<\/p><div class=\"trade-content_5\" id=\"trade-3717483475\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> As per the proposal, the funds will be raised in one or more tranches, within a period of 18 months from the date of allotment of the warrants, aggregating to Rs 90 crore on preferential basis.<\/p>\n<p> According to the EGM notice, it is proposed to issue 8,26,446 warrants worth up to Rs 70 crore to Devansh Trademart LLP, an entity forming part of the company&#8217;s promoter group.<\/p>\n<p> Secondly, the company will issue 2,36,128 warrants worth up to Rs 20 crore to Anjana Projects Private Ltd, a non-promoter (unrelated investor).<\/p>\n<p> An amount equivalent to at least 25 per cent of the warrant issue price will be payable at the time of subscription and allotment of each warrant and the balance 75 per cent shall be payable within 18 months from the date of allotment of the warrants, it stated.<\/p>\n<p> The company will also seek approval of the members for alteration of the company&#8217;s Articles of Association to enable issuance of the warrants. PTI  KKS  KKS ANU ANU<\/p>\n<div class=\"trade-after-content\" id=\"trade-1357555169\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Jan 3 (PTI) Inox Wind Energy will seek shareholders&#8217; approval to raise up to Rs 90 crore through issuance of 10.62 lakh convertible warrants in its Extraordinary General Meeting (EGM) later this month. The convertible warrants will be issued at the rate of Rs 847 per unit in the EGM on January 25, [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-12958","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Inox Wind seeks shareholders nod to raise up to Rs 90 cr via convertible warrants - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-inox-wind\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inox Wind seeks shareholders nod to raise up to Rs 90 cr via convertible warrants\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Jan 3 (PTI) Inox Wind Energy will seek shareholders&#8217; approval to raise up to Rs 90 crore through issuance of 10.62 lakh convertible warrants in its Extraordinary General Meeting (EGM) later this month. 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