Adani Green Energy Limited (AGEL) on Monday announced that it has completed the funding for the $750 million 4,375 Holdco Notes due on September 9, 2024, with the receipt of the funds under the preferential allotment of Rs 9,350 crore ($1,125 million) to the promoters of the company.
The company said that after the shareholders’ nod, the promoters infused $2,338 crore ($281 million) into the company last week.
“AGEL has set aside the funds in the Senior Debt Redemption Account (SDRA) and other reserve accounts of the Holdco Notes, after which the funding of the reserves has been completed,” it said.
