Signals, Powered By EquityPandit
Adani Power proposes to raise up to Rs.5,000 crore via a mix of debt and equity, to increase capital to support growth and finance its business expansion plans.
Adani Power has seeked green signal from its shareholders to raise funds in one or more tranches. The company plans to raise funds by way of issuance of equity shares of the company and/or any instruments or securities including GDR/ADRs/convertible preference shares/convertible debenture, non-convertible debentures and warrants etc.
Further, the company stated, “The proposed resolution seeks the enabling authorization of the members to the Board of Directors to raise funds to the extent of Rs 5,000 crores or its equivalent in any one or more currencies, in one or more tranches.”
