IND Renewable Energy Raises Rs 26 Crore in Successful Fundraising Campaign
In an exciting development, IND Renewable Energy Ltd announced its plans to secure Rs 26 crore through a rights issue, as confirmed by a recent regulatory statement. The decision was made during a board meeting where members unanimously approved the proposal.
The company revised its initial communication, which proposed a fundraising target of up to Rs 15,00,00,000, to reflect the new amount. IND Renewable Energy Ltd is pleased to inform shareholders that the Board of Directors, during their meeting on June 14, 2023, has given their preliminary approval to raise funds through a rights issue. The revised fundraising goal is set at Rs 26,00,00,000.
Further details regarding the terms of the issue will be disclosed by the board at a later stage.
IND Renewable Energy Ltd continues to make impressive strides in the renewable energy sector, and this successful fundraising campaign is expected to provide the necessary resources to further bolster their initiatives. Stay tuned for more updates on this exciting development.
About IND Renewable Energy:
Ind Renewable Energy Ltd., founded in 2011, is a power industry small cap business with a market worth of Rs. 4.43 billion. Key Products/Revenue Segments for Ind Renewable Energy Ltd. for the fiscal year ending March 31, 2022, are.
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