Inox Wind shares hit year high after promoter infuses Rs 800 crore to pare debt

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Inox Wind Ltd shares surged to a 52-week high, closing with gains of over 15%. The company's promoter, Inox Wind Energy, infused Rs 800 crore to reduce debt. Inox Wind Energy Ltd shares also surged by 9%. The subsidiary company will utilize the funds to clear a portion of its outstanding debt. INOXGFL Group operates in chemicals and renewable energy sectors and has four listed entities, including Inox Wind Ltd and Inox Wind Energy Ltd.

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