Inox Wind Limited announced a private placement of non-convertible preferred shares for the gross proceeds of INR 5,000,000,000 on December 29, 2023. The shares will have a coupon rate of 0.01%. The shares will be Non-Cumulative, Participating, Redeemable.

The transaction has been approved by the shareholders of the company in 10th extra-ordinary general meeting of the company.