{"id":589660,"date":"2023-07-07T10:54:14","date_gmt":"2023-07-07T05:24:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=589660"},"modified":"2023-07-07T12:00:55","modified_gmt":"2023-07-07T06:30:55","slug":"adani-green-to-sell-equity-for-rs-12-3k-cr-via-qip-route","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-green-to-sell-equity-for-rs-12-3k-cr-via-qip-route\/","title":{"rendered":"Adani Green to sell equity for Rs 12.3k cr via QIP route"},"content":{"rendered":"<p>MUMBAI: Business tycoon Gautam Adani&#8217;s Adani Green Energy will sell shares worth Rs 12,300 crore to institutional investors, days after he sold a 2.9% stake in the company to GQG Partners for Rs 4,232 crore. <\/p>\n<p>The renewables company, in which France&#8217;s TotalEnergies holds about 20%, will utilise the funds for growth purposes. In May, its CFO Phuntsok Wangyal said the company plans to ramp up its green energy capacity by about 3 gigawatts this fiscal, which will cost around Rs 14,000 crore. <\/p>\n<p>The board of Adani Green on Thursday approved a fund-raise programme through the qualified institutional placement (QIP) route and will now seek nod from shareholders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Business tycoon Gautam Adani&#8217;s Adani Green Energy will sell shares worth Rs 12,300 crore to institutional investors, days after he sold a 2.9% stake in the company to GQG Partners for Rs 4,232 crore. The renewables company, in which France&#8217;s TotalEnergies holds about 20%, will utilise the funds for growth purposes. In May, its CFO Phuntsok Wangyal said the company plans to ramp up its green energy capacity by about 3 gigawatts this fiscal, which will cost around Rs 14,000 crore. The board of Adani Green on Thursday approved a fund-raise programme through the qualified institutional placement (QIP) route [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-589660","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/589660","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=589660"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/589660\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=589660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=589660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=589660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}