Adani Power has received an approval to raise funds by issue of equity shares / convertible bonds through Qualified Institutional Placement (QIP) / GDR / ADR / FCCBs / FCEBs / Convertible Securities for an aggregate amount up to Rs 10,000 crore. The board of director at its meeting held on May 03, 2016 has approved for the same. The board has also approved 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.
Adani Power is engaged in the business of generation, accumulation, distribution and supply of power and to generally deal in electricity and to explore, develop, generate, accumulate, supply and distribute or to deal in other forms of energy from any source whatsoever.
