Adani Power seeks shareholders’ nod to raise up to Rs 7K cr

Adani Power has sought shareholders’ approval to raise up to Rs 7,000 crore through the issuance of equity shares, convertible debentures, bonds or any other securities in one or more currencies and in tranches in its annual general meeting on August 8.

The special resolution also seeks to empower the board of directors to undertake a qualified institutional placement with qualified institutional buyers for raising the funds.