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Funding and debt● Neutral for Inox Green Energy Services
Inox Green and Wheels India QIPs draw investor attention
The brief
- Inox Green aims to raise ₹300 crore through a QIP
- Inox Green set its QIP floor price at ₹174.36 a share
- QIP dilution and fundraising terms matter to Inox Green and Wheels India shareholders
- Stock Alert: ESDS Software, Waaree Energies, Sterlite Tech, Inox Green Energy Services
- Stocks to Watch for September 25: PB Fintech, Inox Green Energy, Dr Lal Path, JSW Cement and more
Wheels India’s ₹250 crore QIP
Wheels India launched a ₹250 crore QIP at an indicative price of ₹2,088 per share; its shares closed at ₹2,186.85, down 2.40%, on the BSE. A subsequent report said the shares rose after the fundraise announcement.
Thursday, 24 September
- Inox Green and Wheels India QIPs draw investor attention