Wednesday, 15 February 2017

Inox Wind’s arm issues NCDs worth Rs 195 cr

Leading Wind energy company, Inox Wind Infrastructure Services, a wholly owned subsidiary of Inox Wind, has issued non-convertible debentures worth Rs 195 crore on a private placement basis. “The NCDs will carry a coupon rate of 8.33 per cent (payable semi-annually) and are guaranteed by the company,” the company said in a filing to the Bombay Stock Exchange. 

The proceeds from the NCDs will be primarily used to finance the replacement capex, fresh capex, replacement of existing loans (including inter corporate deposits and optimally convertible debentures) and for general corporate purposes. INOX Wind Limited is an Indian wind energy service provider.

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