New Delhi, May 24 (PTI) The Inox Wind board has approved a proposal to raise Rs 99 crore through issuance of 990 non-convertible debentures (NCDs), a regulatory filing said.

The board of directors has approved issuance of 990 rated, listed, secured, redeemable, non-convertible debentures (NCDs) having a face value of Rs 10 lakh each aggregating up to Rs 99 crore, the filing stated.

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The NCDs will have coupon rate of 9.75 per cent per annum payable annually with a tenure till April 30, 2025.

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