Image Source : FILE Adani Transmission to boost as much as Rs 8,500 crore
Adani Transmission has acquired the nod of shareholders to boost Rs 8,500 crore by way of the issuance of fairness shares on a professional institutional placement foundation. According to the corporate’s BSE submitting, 98.64 per cent of shareholders voted in favour of the decision and allowed it to boost the funds.
The proposal acquired approval from the board of Adani Transmission on 13 May. The firm had sought shareholders’ approval by way of a postal poll to boost as much as Rs 8,500 crore by means of certified institutional placement by way of the issuance of fairness shares and/or different eligible securities to eligible traders on May 15, 2023.
Adani Transmission had earlier mentioned it anticipates progress alternatives in its present operations and continues to judge numerous avenues for natural enlargement and attaining inorganic progress. Towards this, the corporate continues to require capital for attaining such progress and enlargement.
(With PTI inputs)
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