The record
Written from the 1 report below. Nothing here is unsourced.
- Adani Power's board has approved raising up to ₹15,000 crore through a qualified institutional placement or other permitted modes, in one or more tranches.
- The fundraise will involve issuing equity shares or other eligible securities and is subject to shareholder approval and regulatory clearances.
- The board also approved raising the company's borrowing limit from ₹75,000 crore to ₹1 lakh crore.
- These moves support the company's capital expenditure programme to expand generation capacity to 45 GW.
What to watch next
- Shareholder approval and regulatory clearances for the ₹15,000 crore fundraise
- Timing, size and pricing of the QIP tranches
- Progress on the expansion programme toward 45 GW capacity
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1 report
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All filed from India
Named India · Adani Power Ltd
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