Indowind Energy Rights Issue 2024 FAQ's

Indowind Energy Rights Issue 2024 price is set at ₹22 per Share. The Indowind Energy Rights Issue 2024 opens on July 26, 2024, and closes on August 5, 2024, for the subscription.

The allotment of Indowind Energy Rights Issue 2024 is expected to happen on or about August 9, 2024 as per the issue schedule.

Indowind Energy Rights Issue 2024 listing date is August 20, 2024.

The credit of Indowind Energy Rights Issue 2024 in Demat account is expected on or about August 16, 2024 as per the issue schedule.

The Company proposes to utilize the Net Proceeds towards the funding of the following objects:

• To invest in developing the 6 MW (DC) Solar Power Project in Tamil Nadu;
• Appropriation of a part of the Net Proceeds to issue Rights Shares to Loyal Credit & Investments Limited, one of the Corporate Promoters of the Company as and by way of reimbursement of the amount paid by Loyal Credit & Investments Limited to EXIM on our behalf; and
• General Corporate Purposes