Inox Wind Infra to raise Rs 195 crore via NCDs

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 regulatory filing.

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.

Source:PTI