Intimation for In-Principle Approval of Proposed Rights Issue by Indowind Energy Limited

Indowind Energy Limited, a listed company on the National Stock Exchange of India, has received in-principle approval for the proposed rights issue under Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015. The company plans to issue up to [*] equity shares of face value of Rs. 10/- each on a rights basis to eligible equity shareholders. This move aims to raise up to Rs. 49.50 Crores in cash at a price of [*] per equity share, including a premium of Rs [*] per equity share.

Key Takeaways:

• Indowind Energy Limited has received in-principle approval from the National Stock Exchange of India and BSE Limited for the proposed rights issue.
• The rights issue will consist of up to [*] equity shares of face value of Rs. 10/- each on a rights basis.
• The issue price will be Rs [*] per equity share, including a premium of Rs [*] per equity share.
• The rights issue aims to raise up to Rs. 49.50 Crores on a cash basis.
• The rights entitlement ratio is [*] rights equity for every [*] equity shares held by eligible equity shareholders on the record date.
• The company has enclosed the in-principle approval letter received from the stock exchanges with the announcement.
• The record date for the eligible equity shareholders will be used to determine the rights entitlement ratio.

Statistics:

• Up to [*] equity shares will be issued on a rights basis.
• The face value of each equity share is Rs. 10/-.
• The proposed rights issue aims to raise up to Rs. 49.50 Crores in cash.
• The issue price is Rs [*] per equity share, including a premium of Rs [*] per equity share.
• The rights entitlement ratio is [*] rights equity for every [*] equity shares held by eligible equity shareholders.

Sources:

• National Stock Exchange of India Limited, Exchange Plaza, Bandra Kurla Complex, -Bandra (E), Mumbai -- 400 051.