Indowind Energy has soared 9% to Rs 32.45 after the company announced that the board of directors of the company will meet on December 8 to consider and issue of shares with differential voting rights (DVR) and transfer assets of company to its subsidiary company.

DVR shares have different voting rights and dividend rates compared with ordinary shares. The more companies issue of such equity shares to raise money because they allow promoters to retain control.

The stock opened at Rs 30.75 and touched high of Rs 34.70 on the BSE. The trading volumes on the counter jumped almost fourfold with 280,000 shares changing hands on the counter, as against an average 74,000 shares that were traded daily in past two weeks.