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RESCO receives board approval to raise Rs 3.5 million in equity capital

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Resco Global Wind Services Private Limited (RESCO), a wholly-owned subsidiary of Inox Wind Limited, has received board approval to raise up to Rs 3.5 million in equity capital. The funds will be raised by issuing equity shares on a preferential basis through private placement to non-promoter investors. This move is subject to shareholder approval and adherence to applicable laws and regulations.