Adani Transmission gets shareholders’ nod to raise up to Rs 8,500 crore
NEW DELHI: Adani Transmission has got shareholders’ approval to raise up to Rs 8,500 crore through issuance of equity shares on qualified institutional placement basis.
The company had sought shareholders’ approval through postal ballot to raise up to Rs 8,500 crore by way of qualified institutional placement through issuance of equity shares and/or other eligible securities to eligible investors on May 15, 2023.
According to the company’s BSE filing, 98.64 per cent votes were polled in favour of the resolution.
The company’s board had approved the proposal at a meeting on May 13, 2023.
