IND Renewable Energy Rights Issue Jan 2024 Live News

Ind Renewable Energy Ltd is coming up with Right Issue of the face value of ₹ 10 each, for an amount of ₹1.21 Crores ('Base Issue Size') with an option to retain oversubscription up to ₹25.43 Crores.

Incorporated in 2011, IND Renewable Energy Limited has started generating solar power, including rooftop solar. The company is involved in the business of providing infrastructure, managing, owning, controlling, erecting, commissioning, operating, running, leasing or transferring power plants based on conventional or non-conventional energy sources such as solar energy plants, wind energy plants, mechanical, electrical, hydel, tidal, wave energy, thermal, oil, gas, air, sea energy, diesel oil, heavy furnace oil, naptha, bio-mass, bio-gas, coal, civil engineering works, and similar projects. They also supply electricity to participating industries, State Electricity Boards, and other boards for industrial, commercial, domestic, public, and other purposes. Additionally, they provide regular services for repairing and maintaining all distribution and supply lines, renewable energy sources, waste treatment plants of all kinds, and equipment thereof in India and outside India. The company also manufactures, procures, and deals in all ancillary products like transformers, batteries, inverters, etc., required for or capable of being used in connection with the above industry.

The issue opens on Jan 18, 2024 and closes for subscription on Feb 2, 2024. The shares of the company to be list at BSE.

The public issue of Ind Renewable Energy Ltd opens on Jan 18, 2024 and closes for subscription on Feb 2, 2024.

The IND Renewable Energy Rights Issue Jan 2024 are proposed to list at BSE.