Green Energy Stock Set To Consider Fundraise On June 26, Shares Rally 199% In 1-Yr

Inox Green Energy Services Ltd shares witnessed sharp rally of 7.14% on June 21, 2024 and hit fresh 52-week high after it informed about its upcoming meeting of Board of Directors to be held on June 26 to consider the proposal for raising funds. Inox Green Energy Services share gained 199% in last 1-year and rose 52% year-to-date. Check details below:

Inox Green Energy Services Ltd: According to the BSE filing of Inox Green Energy Services issued as on June 21, 2024, "Meeting of the Board of Directors of Inox Green Energy Services Limited (the "Company") is scheduled to be held on Wednesday, 26th June, 2024, inter-alia to consider, evaluate and approve the proposal for raising of funds by way of issuance of one or more securities including equity shares, convertible securities of any description or warrants, through preferential issue, private placement, rights issue or any other methods or combination thereof as may be permitted under applicable laws, subject to such regulatory/ statutory approvals as maybe required, including the approval of shareholders of the Company and to approve such ancillary actions for the above mentioned fund raising as may be required."

Inox Green Energy Services Share Performance: The 52-week high price of Inox Green Energy Services share is Rs 174.00 apiece (as on 21/06/2024) and 52-week low price is Rs 54.31 per share (as on 23/06/2023), respectively. The company's market cap stood at Rs 5,022.13 crore. Inox Green Energy Services shares soared 21% in last 1-week, gained 45% in last 3-months, and offered return of 67% in last 6-months

About: The company came into existence in 2012. Inox Green Energy Services Limited was originally incorporated as a public limited company under the Companies Act, 1956 on 11th May, 2012 as Inox Wind Infrastructure Services Limited. Inox Green Energy Services Limited is one of the major wind power operation and maintenance ("O&M") service providers within India. It is a subsidiary of Inox Wind Limited ("IWL"), and a part of the Inox GFL group of companies.

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