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Inox Green Energy Files Fresh Draft Papers for ₹7.4 Billion IPO

Inox Wind is engaged in the operation and maintenance of wind turbine generators.

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Inox Green Energy Services, a subsidiary of Inox Wind, filed a fresh application to raise ₹7.4 billion (~$94.75 million) through an initial public offering (IPO). According to the Draft Red Herring Prospectus, the IPO comprises fresh issuance of equity shares worth ₹3.7 billion (~$47.37 million) and an offer-for-sale of equity stocks aggregating to ₹3.7 billion (~$47.37 million) by the promoter Inox Wind.

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