New Delhi: The board of Adani Energy Solutions on Monday approved a proposal to raise up to Rs 12,500 crore through qualified institutional placement of equity shares or other modes.
According to the regulatory filing, the company will seek shareholders' approval at the upcoming annual general meeting, which is scheduled to be held on June 25, 2024.
The Board of Directors has approved raising funds by issuing equity shares of face value Rs 10 each and/or other eligible securities or any combination thereof, the aggregate amount not exceeding Rs 12,500 crore. eligible institutional placement or other permitted mode as per applicable laws, in one or more tranches, the filing said.
According to the regulatory filing, the company will seek shareholders' approval at the upcoming annual general meeting, which is scheduled to be held on June 25, 2024.
The Board of Directors has approved raising funds by issuing equity shares of face value Rs 10 each and/or other eligible securities or any combination thereof, the aggregate amount not exceeding Rs 12,500 crore. eligible institutional placement or other permitted mode as per applicable laws, in one or more tranches, the filing said.