Adani Transmission gets nod for Rs 3,850 cr investment by Abu-Dhabi firm
Adani Transmission Ltd on Tuesday said it received shareholders’ approval for issuance of 1.56 crore shares worth around Rs 3,850 crore on a preferential basis to Green Transmission Investment Holding RSC Ltd.
At present, IHC Capital Holding LLC is the principal shareholder of Green Transmission Investment Holding RSC Ltd.
At an extra-ordinary general meeting convened on Tuesday, shareholders approved the issuance of equity shares on preferential basis to Green Transmission Investment Holding RSC Ltd, according to a regulatory filing.
In a separate filing, the company said it executed a share subscription agreement on Monday with Green Transmission Investment Holding RSC for the issuance and allotment of 1,56,82,600 equity shares of face value of Rs 10 each to the investor on preferential basis.
