Inox Green hits new high; stock zooms 55% over preferential issue price

Quick Summary:

Inox Green's board had allotted 28.98 million shares on preferential basis to its promoters and non-promoters, at an issue price of Rs 138 per share, which amounted to a total of Rs 400 crore.

According to the company's Q1FY25 investor presentation, India’s green hydrogen production target of 5 mmtpa is expected to require an incremental addition of 125 GW of RE capacity (solar & wind) every year.

The stock zoomed 55 per cent compared to the preferential issue price of Rs 138 per share.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: BusinessFinance

Markets: India

Topics: Mahindra Manulife Small Cap Fund Preferential issue Markets Wind turbine generators Foreign Portfolio Investor WTGs IGSL Wind farm projects Inox Green Energy Services share Ashish Kacholia Warrants Operating and maintaining Mutual Fund Forbes EMF

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-22 @ 15:58:33 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 613 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22206748

View Article Analysis

About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 318 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

Frequently Asked Questions