Inox Wind prices IPO at top

The renewable energy company attracted strong demand from investors.

Inox Wind prices IPO at top

Indian stock wind energy company, Inox Wind, priced its initial public offering at the very top of its indicative range on Wednesday, raising Rs10.2 billion $163 million, becoming the latest company in India to tap equity capital markets.

The combination of a favoured government sector and the recent outperformance of India's stock markets enabled the company to attract strong demand particularly from international investors.

The company sold 22 million primary shares...

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