In a regulatory filing, the company said the fundraising is "subject to the receipt of necessary approvals including the approval of the members of the company at the upcoming annual general meeting of the company to be held on Tuesday, June 25, 2024." and such other regulatory/statutory approvals as may be necessary”.

The Board approved the raising of funds by issuing equity shares or other eligible securities of face value of Rs 10 each of the company or any combination thereof (securities).

Adani Energy Solutions stock closed almost flat at Rs 1,104.70 on Monday.

Last week, Adani Energy Solutions announced that it had acquired 100 per cent stake in Essar Transco Ltd for Rs 1,900 crore. The acquisition includes a fully operational 400 kV, 673 skt km (circuit kilometre) inter-state transmission line connecting Mahan in Madhya Pradesh to Sipat Pooling substation in Chhattisgarh.

This acquisition takes AESL's cumulative network to over 21,000 kt km.

AESL is the largest private transmission company in the country, with presence in 17 states and 57,011 MVA transformation capacity. The company's operating revenue for the year ended March 31 stood at Rs 14,217 crore, up 17 per cent (year-on-year).
(PAT) increased by 12 per cent to Rs 1,19 crore.