Adani Green to raise Rs 9K cr from promoters
The promoters of Adani Green Energy (AGEL), the renewable energy arm of Adani Group, will infuse `9,350 crore ($1.13 billion) in the company that would be used to cut debt. This transaction follows a $1.4-billion debt raised earlier this month and takes the total capital raised to $3 billion.The company’s board on Tuesday approved a proposal to issue 63.1 million warrants at `1,480.75 per share to the promoters for the fundraise. The funds will be utilised for deleveraging and accelerating growth spends, AGEL said in a regulatory update.
“This investment by the Adani family underscores our commitment not only to making our nation’s clean energy dream a reality but also to an equitable energy transition where we phase down traditional power sources while simultaneously phasing up green,
