{"id":627586,"date":"2024-01-11T09:46:54","date_gmt":"2024-01-11T04:16:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=627586"},"modified":"2024-01-11T10:44:05","modified_gmt":"2024-01-11T05:14:05","slug":"iias-recommends-voting-against-adani-greens-rs-9350-cr-preferential-issue","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/iias-recommends-voting-against-adani-greens-rs-9350-cr-preferential-issue\/","title":{"rendered":"IiAS recommends voting against Adani Green&#8217;s Rs 9,350 cr preferential issue"},"content":{"rendered":"<p>Proxy advisory firm Institutional Investors Advisory Services ( IiAS ) has recommended investors to vote against Adani Green Energy\u2019s proposed preferential issue worth Rs 9,350 crore, saying it does not support the choice of warrants instead of equity brought upfront for the fund infusion. <\/p>\n<p>On December 26, during market hours, Adani Green announced a preferential issuance of 63.14 million of warrants to its promoters for Rs 9,350 crore at a per share price of Rs 1,480.75. The company is seeking shareholder approval for this proposal through an extraordinary general meeting (EGM) scheduled for January 18 and through e-voting between January 14 and January 17.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Proxy advisory firm Institutional Investors Advisory Services ( IiAS ) has recommended investors to vote against Adani Green Energy\u2019s proposed preferential issue worth Rs 9,350 crore, saying it does not support the choice of warrants instead of equity brought upfront for the fund infusion. On December 26, during market hours, Adani Green announced a preferential issuance of 63.14 million of warrants to its promoters for Rs 9,350 crore at a per share price of Rs 1,480.75. The company is seeking shareholder approval for this proposal through an extraordinary general meeting (EGM) scheduled for January 18 and through e-voting between January [&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":[135,130,232],"tags":[],"class_list":["post-627586","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/627586","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=627586"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/627586\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=627586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=627586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=627586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}