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Adani Power has got shareholders’ approval to raise Rs 10,000 crore

The shareholders’ of Adani Power have given their approval to raise up to Rs 10,000 crore through issuing shares, bonds or other securities, including for investments in various businesses.

The company said in a BSE filing on Wednesday that “Members have approved offer or invitation to subscribe to securities for an amount not exceeding Rs 10,000 crore.”

The proposal was approved by the shareholders at an Annual General Meeting of the company held in Mumbai yesterday, it said.

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