Adani Transmission has received its board’s approval to raise up to Rs 8,500 crore through a variety of instruments. The company’s board gave the approval for the same at its meeting held on May 26. The board gave its approval for raising funds by issue of equity shares or convertible bonds through qualified institutional placement/GDR/ADR/ FCCBs/ FCEBs/ Convertible Securities, which will further be approved by the shareholders at the Annual General Meeting of the company.
Adani Transmission reported a standalone net loss of Rs. 1.43 crore for the quarter ended March 2016 against a net loss of Rs 24.10 crore in the same quarter last year. Total income from operations stood at Rs 158 crore against Rs 11.45 crore in the same period last year.
