Adani Power gets shareholders' approval to raise up to Rs 2,500 cr

The shareholders also approved a proposal to have flexibility to infuse additional capital, to tap capital markets and to raise additional long-term resources

Adani Power on Friday said it has got shareholders' approval for raising up to Rs 2,500 crore in one or more tranches to sustain business growth and finance expansion plans.

The company sought the approval at its annual general meeting (AGM) on Thursday.
 

All the resolutions proposed in the AGM were passed with requisite majority, the company said in a regulatory filing.

One of the resolutions sought authorisation of the board members to raise funds "to the extent of Rs 2,500 crore or its equivalent in any one