On Friday, Adani Power said it has got shareholders’ approval for raising up to ₹2,500 crore in one or more tranches to sustain business growth and finance expansion plans.
The company sought the approval at its annual general meeting (AGM) on Thursday.
All the resolutions proposed in the AGM were passed with requisite majority, the company said in a regulatory filing.
One of the resolutions sought authorisation of the board members to raise funds “to the extent of ₹2,500 crore or its equivalent in any one or more currencies, in one or more tranches, in such form, on such terms, in such a manner, at such price and at such time as may be considered appropriate by the board”, it added.
