Indowind Energy rises 23.5% on BSE debut

Indowind Energy rises 23.5% on BSE debut

Reuters

Mumbai: Shares in Indowind Energy Ltd made their debut at Rs80.25 on Friday, 14 September, on BSE, up 23.46% from the initial offer price of Rs65 each.

The shares were trading at Rs62 at 9.56am (0426 GMT) on the BSE after touching a low of Rs55.10.

The company raised Rs812.5 million from the 12.5 million shares offer, to be used to expand its wind power generation capacity, buy equipment and foreclose lease accounts with banks.

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