Indowind Energy approves allotment of 1.75 cr shares for Rs 12 per share

This price includes a premium of Rs 2 on each share, Indowind Energy said in a regulatory filing

Press Trust of India New Delhi
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Indowind Energy Ltd on Friday said its board has approved the allotment of over 1.75 crore shares for Rs 12 per equity share.

This price includes a premium of Rs 2 on each share, Indowind Energy said in a regulatory filing.

"In the meeting held on March 31, 2023, the Board considered and approved the allotment of 1,75,93,294 equity shares at a price of Rs 12 per equity share (including a premium of Rs 2 per equity share) (allotment)," it said.

In view of the above, the paid-up equity share capital of the company has increased from Rs 89,74,14,860 (8,97,41,486 equity shares of Rs 10 each) to Rs 107,33,47,800 (10,73,34,780 equity shares of Rs 10 each), it added.

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(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Mar 31 2023 | 9:06 PM IST

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