The firm said its promoters will infuse Rs 150 crore while a foreign company Samena Green will infuse Rs 152.5 crore. Lend Lease Company will infuse the rest Rs 100 crore, it added.
Inox Wind is offering shares at a price of Rs 126 and warrants at Rs 122. An amount equivalent to at least 25% of the Issue Price shall be payable at the time of subscription and allotment of each Convertible Warrant and the balance 75% shall be payable at the time of exercise of such Convertible Warrant.
Big order
PSP Projects said it has received new work orders worth Rs 938.76 crores (excluding GST), which includes fresh work orders of Rs 511.39 crore (including order worth Rs 503.56 crore for Project “Construction of Sports Complex at Ahmedabad”) and Rs 327.39 crore in FY 2021-22 and FY 2022-23 respectively and additional scope in existing contracts worth Rs. 99.98 crore in FY 2021-22.
“With the receipt of the above orders, the total work orders received at the end of financial year 2021-22 amounts to Rs. 1802.23 crore. Further, we are pleased to inform you that the major orders out of the above are from government, residential and institutional categories,” the company said.
Following the update, the stock jumped over 5 per cent.
SAIL-ing without RJ
Apparently, Rakesh Jhunjhunwala has sold some or all of his stake in (), the latest shareholding data released by the company shows.
Jhunjhunwala earlier held 1.1 per cent stake in the firm. His name no longer appears on the shareholder list now. Companies are mandatorily required to publish names of shareholders only if their stake is more than 1 per cent.
Following the update, the stock fell over 2 per cent in Wednesday’s trading.