What Is A Rights Issue?
A rights issue is a way for a company to raise funds by issuing shares to its existing shareholders, who have the option to buy more shares of the company at a lower price than the current market value.
For Inox Wind, the rights issue price has been fixed as ₹120 per share, which is a 27% discount to its closing price on Tuesday.
Can New Shareholders Buy Rights Issue Shares?
No. Only those shareholders who had shares of the company as on the record date, will be eligible for shares under the rights issue.For Inox Wind, the record date for the rights issue was fixed as July 29, 2025. This means that only those shareholders who had shares of the company as of closing on that day, could buy more shares under the rights issue.
Inox Wind Entitlement Ratio
Eligible shareholders of Inox Wind will be entitled to avail five rights equity shares, for every 78 shares that they held as on the record date. For those who have less than 78 shares, the entitlement will be adjusted accordingly.
Rights Issue Details
With the issue opening today, the last date for on market renunciation of the rights entitlement has been fixed as August 14. This means that those who wish to sell shares in the rights issue, can do it on the floor of the exchanges at a better price.
The off-market renunciation of the rights shares can be done until August 19. This means that the buyer and seller can both agree on a pre-determined price and complete the transaction without the market involvement.
Shares of Inox Wind ended 1.2% lower on Tuesday at ₹151.4. The stock has declined 15% in the last one month.
