Inox Wind Infra to raise Rs 195 crore via NCDs

"The NCDs will carry a coupon rate of 8.33 percent (payable semi-annually) and are guaranteed by the company," the company said in a regulatory filing.

February 15, 2017 / 08:21 AM IST

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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 percent (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.

Tags: #Announcements #Business #Inox Wind #Inox Wind Infrastructure Services #NCD

first published: Feb 15, 2017 07:46 am

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Inox Wind Infra to raise Rs 195 crore via NCDs

"The NCDs will carry a coupon rate of 8.33 percent (payable semi-annually) and are guaranteed by the company," the company said in a regulatory filing.