Adani Green gets shareholders’ nod to raise ₹9,350 crore

Adani Green Energy, the renewable energy arm of Adani Group, got shareholders’ approval to raise ₹9,350 crore through issuance of preferential warrants to promoters with a whopping 99.9% majority.

The shareholders approved the proposal at the company’s EGM held on Tuesday, it said in a regulatory update. On December 26, AGEL said it would use the funds to achieve its target of 45 gigawatts of green energy capacity by 2030, and for other capex plans.