Adani Ports and Special Economic Zone (APSEZ) has said that it will seek shareholders approval to raise up to Rs 10,000 crore through issuing shares.
APSEZ has said in a BSE filing that “The Board of Directors of the company … has accorded approval for seeking approval of the shareholders … to raise funds by issue of equity shares/convertible bonds through Qualified Institutional Placement/GDR/ADR/FCCBs/FCEBs/ convertible securities for an aggregate amount up to Rs 10,000 crore.”
The board of the company has also provided approval for seeking shareholders approval to issue secured/unsecured redeemable non-convertible debentures on private placement basis within the overall borrowing limits of the Company.
