Adani Green Energy gets shareholders’ nod to raise Rs 2,500 crore

Adani Green Energy has received shareholders’ approval to raise Rs 2,500 crore in its fifth annual general meeting held on Thursday.

All resolutions proposed in the AGM held on June 25, 2020 are approved with requisite majority by the shareholders, the company said in a regulatory filing.

The proposed resolution had sought the enabling authorisation of the members to the Board of Directors to raise funds to the extent of Rs 2,500 crore or its equivalent in one or more currencies, in one or more tranches, as per the notice for the AGM.

The company also got shareholders’ nod to have flexibility to infuse additional capital to tap capital markets and to raise additional long term resources, if necessary, in order to sustain rapid growth in the business, for business expansion and to improve the financial leveraging strength of the firm.