BusinessInox Green Energy Raises ₹3 Billion via Qualified Institutions Placement
Inox Green Energy approved the allocation of 18.11 million equity shares through a qualified institutions placement (QIP) at ₹165.65 per share, raising approximately ₹3 billion. The issue price included a premium and was offered at a 5% discount to the floor price. Inox Green recently partnered with KEC International for O&M services of a 625 MW solar project in Rajasthan and leads India's solar O&M market with 27% contracted capacity.
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