{"id":577086,"date":"2023-05-16T17:14:15","date_gmt":"2023-05-16T11:44:15","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=577086"},"modified":"2023-05-16T17:14:15","modified_gmt":"2023-05-16T11:44:15","slug":"adani-transmission-seeks-shareholders-nod-to-raise-up-to-rs-8500-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-transmission-seeks-shareholders-nod-to-raise-up-to-rs-8500-crore\/","title":{"rendered":"Adani Transmission seeks shareholders&#8217; nod to raise up to Rs 8,500 crore"},"content":{"rendered":"<p>Adani Transmission has sought shareholders&#8217; approval to raise up to Rs 8,500 crore through issuance of equity shares on qualified institutional placement basis. The company has sought shareholders&#8217; 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, a BSE statement showed.<\/p>\n<p>The board of directors of the company at a meeting on May 13 approved the proposal of raising funds by way of issuance of equity shares of face value Rs 10 and\/or other securities convertible into equity shares (including warrants, or otherwise).<\/p>\n<p>The company explained that it anticipates growth opportunities in its existing operations and continues to evaluate various avenues for organic expansion and achieving inorganic growth.<\/p>\n<p>Towards this, the company continues to require capital for achieving such growth and expansion.<\/p>\n<p>The proposed resolution, if approved, will be taken as having duly passed on the last date specified for e-voting by the requisite majority of members by means of postal ballot, i.e. Friday, June 16, 2023, it stated.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adani Transmission has sought shareholders&#8217; approval to raise up to Rs 8,500 crore through issuance of equity shares on qualified institutional placement basis. The company has sought shareholders&#8217; 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, a BSE statement showed. The board of directors of the company at a meeting on May 13 approved the proposal of raising funds by way of issuance of equity shares of face value Rs 10 and\/or other securities convertible into equity shares (including [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-577086","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/577086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=577086"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/577086\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=577086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=577086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=577086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}