The funds will be infused into Inox Wind and utilised to pare down Inox Wind’s external debt.

Inox Wind Energy Raises Rs 800 Crore After Stake Sale In Inox Wind

A three-member bench of the insolvency appellate tribunal also upheld the orders of the Chandigarh Bench of the National Company Law Tribunal (NCLT), which on May 22, 2023, rejected the plea of GRI Towers India.

NCLAT Dismisses Plea To Initiate Insolvency Proceedings Against Inox Wind

Inox Wind - Propelling A Green Future: Systematix Initiates Coverage With A ‘Buy’

Inox Wind block deal: This move marks a significant milestone in the company’s journey towards financial stability, it said in a filing.

Inox Wind promoters infuse Rs 500 crore through block deals; to repay debt

The funds were raised by way of equity share sale of Inox Wind by its promoter and promoter group entities through block deals on the stock exchanges, a regulatory filing said.

Inox Wind promoters infuse Rs 500 crore for debt repayment

Stocks that were in focus include names like Hindalco, which fell 2.12%, Dixon, which rose 3.6%, and Inox Wind, whose shares jumped 8.40% on Tuesday.

Big Movers on D-Street: What should investors do with Hindalco, Dixon and Inox Wind?

Promoters Inox Wind Energy and Devansh Trademart have sold 4.5% and 2.8% stake each in Inox Wind through block deals at a weighted average price of Rs 208 a piece.

Stocks in news: Inox Wind, Coal India, 360 One Wam, SBI Life, IRCTC

Shares of Inox Wind Ltd rose 7 per cent in early trade today amid reports that a block deal; Know details

Inox Wind Rallies 7% Amid Reports Of Likely Block Deal; Stock Hits 52-Week High - News18

Voltas, Welspun Corp.HDFC Bank’s weightage in FTSE Emerging All Cap Index to increase from 0.81% to 1.52% in 3 tranches. Qatar Investment Authority acquires 2.7% stake in Adani Green Energy for Rs 3,956 cr. Inox Wind promoter entity to offload Rs 500 cr stake in block deal. BEML Ltd receives Rs 3,17…

Stocks to watch today: August 8, 2023

Inox Wind Energ Consolidated June 2023 Net Sales at Rs 349.50 crore, up 64.9% Y-o-Y

Inox Wind Energ Standalone June 2023 Net Sales at Rs 1.75 crore, up 10.76% Y-o-Y

The creamy layer - amongst the top performing stocks

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Profitability and efficiency haven't been upto the mark

Profitability

Fundamentals

Not a good time to consider, stock is in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Inox Wind Limited is a provider of wind power solutions. The Company manufactures wind turbine generators (WTGs) and provides turnkey solutions by supplying WTGs.

Inox Wind Ltd