Power India found that, INOX Wind Ltd, a subsidiary of Gujarat Fluorochemicals Limited has proposed public issue of equity shares.
- The company has proposed public issue of its equity shares through 100% book building method in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
- INOX Wind has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on July 5, 2013. It can be downloaded from here.
- The proposed issue consists of a fresh issue of up to Rs. 7000 Million and an offer for sale up to 20,000,000 equity shares by Gujarat Fluorochemicals Limited.
- Shares of Gujarat Fluorochemicals Ltd was last trading in BSE at Rs.283.40; up by Rs. 3.65 or 1.30%. The stock hit an intraday high of Rs.287.75 and low of Rs.274.50.
- The total traded quantity was 6093 compared to 2 week average of 5239.
Source: Equity Bulls
