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Adani Transmission has said that the board has provided the approval for raising Rs 5,000 crore through issuing debentures or any other permissible debt securities denominated in rupees or any other foreign currency.
The company has said in a BSE filing that “The board of directors in its meeting held on March 30, 2016 has given in-principle approval to company to raise funds up to Rs 5,000 crore or equivalent in any currencies.”
As per the statement, the said funds can be raised by way of offer, issue and allotment of secured or unsecured, senior or sub-ordinate non-convertible debentures or any other permissible debt securities whether denominated in Indian rupee and/or foreign currency that will be listed on any offshore stock exchanges.
