The board has "accorded approval for seeking approval of the shareholders at the ensuing Annual General Meeting to raise funds by issue of equity shares/convertible bonds through qualified institutional placement(QIP),/GDR/ADR/ FCCBs/FCEB/ convertible securities for an aggregate amount up to Rs 8,500 crore," Adani Transmission said in a BSE filing.
It further said the board has also approved seeking shareholders' nod to "issue secured/unsecured redeemable non-convertible debentures on private placement basis within the overall borrowing limits of the company in the period of next twelve months through private placement mode."
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