You are here: Home » PTI Stories » National » News
Business Standard

Adani Transmission gets shareholder nod to raise up to Rs 5,000 cr

Press Trust of India  |  New Delhi 

Adani Transmission has received shareholders' nod to a proposal for raising up to Rs 5,000 crore through issuance of equity shares, securities and other instruments.

The shareholders approved the proposal with requisite majority in an annual general meeting held on August 8, as per a BSE filling on Friday.

The company had sought approval for authorising its Board to raise funds up to Rs 5,000 crore or its equivalent in one or more currencies, in one or more tranches.

The fund would be raised by issuance of equity shares or any instruments or securities, including global depository receipts or American depository receipts, or convertible preference shares or convertible debentures.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 09 2019. 19:45 IST
RECOMMENDED FOR YOU