On June 28, 2024, Inox Wind Limited closed the transaction. The company has issued 500,000,000 non-convertible, non-cumulative, participating, redeemable preferred shares at a price of INR 10 per share for the gross proceeds of INR 5,000,000,000. The transaction included participation from returning investor Inox Wind Energy Limited.

The transaction has been approved by the shareholders of the company.