Live
Adani Transmission has got shareholders’ nod to raise to Rs 2,500 crore in one or more tranches through the issuance of equity shares, securities and debentures, according to a regulatory filing by the company.
The proposal to raise to Rs 2,500 crore by issuance of equity shares, securities, debentures, etc., was passed by the requisite majority in the annual general meeting (AGM) held on Tuesday, according to the BSE filing.
The company had proposed to have the flexibility to infuse additional capital, to tap the capital markets and to raise other long-term resources, if necessary. This was aimed at sustaining rapid growth in the business, expanding business, and improving the leveraging financial strength of the company.
- Raymond Jumps 4% on Ex-BEL Chief’s Defence Appointment
- Supriya Lifescience Falls 12% on NDPS Act Proceedings
- Radico Hits Record High as Magic Moments Sales Soar 43%
- GK Energy Rallies on Rs 235.92 Crore Solar Pump Order
- Cupid Hits Fresh 52-Week High on Rs 128 Crore Block Deal
According to the AGM notice, the proposed resolution had sought the enabling authorization of the members to the board of directors to raise funds to the extent of Rs 2,500 crore or its equivalent.
Stock Covered in the news
