Inox Wind’s green energy arm to raise Rs 500 crore via IPO

MUMBAI: Inox Wind’s subsidiary Inox Green Energy has approved raising of Rs 500 crore through an initial public offering (IPO), the company said in an exchange filing on Monday.

The IPO will also include an offer for sale by existing investors, the release said.

“The Company, as a shareholder, shall consider and finalize its participation in the aforesaid proposed Offer of IGESL,” Inox Wind said.


The plan for a public offering by Inox Green Energy comes at a time of high interest among investors for companies involved in renewable businesses.

The recent global focus towards transition to greener and cleaner energy sources has led to a sharp rerating of renewable energy business globally.

India, which has committed to a net zero carbon policy by 2070, is expected to be in the forefront of the global energy transition to green energy.

Shares of Inox Wind were down 1.6 per cent at Rs. 143.2 on the National Stock Exchange.