Indowind Energy's Rights Issue Oversubscribed Ahead of New Solar Project

Indowind Energy's recent rights issue was oversubscribed by 1.04 times, successfully raising Rs 49.43 crore. The funds are intended for a 4 MW solar project in Karnataka, loan repayments, and general corporate needs. The new shares will soon be listed and traded on NSE and BSE.

Indowind Energy announced the successful closure of its rights issue, which was oversubscribed by 1.04 times, raising Rs 49.43 crore. The offering, which concluded on December 9, 2025, aimed at bolstering its renewable energy portfolio.

The company plans to invest the proceeds into a 4 MW solar power project in Karnataka, repay existing loans from Loyal Credit & Investments Ltd and Indus Finance Ltd, and cover general corporate expenses. The rights issue offered 3.22 crore equity shares at Rs 15.35 each, including a premium.

The allotment and trading of the new shares on the NSE and BSE are scheduled for completion by December 26, 2025, marking a significant step in Indowind's growth in the renewable energy sector.

(With inputs from agencies.)