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Inox wind's IPO fetches $164 million
short by Animesh Choudhary / on Friday, 20 March, 2015
In the biggest Initial Public Offering in two years, Indian turbine manufacturer Inox Wind fetched $164 million on Friday. The sale received bids for 18.5 times the number of shares on offer as investors bet on growth of renewable wind energy sources. PM Narendra Modi has made renewable energy a priority to fulfill India's energy deficit.
read more at Reuters