Adani Transmission has received shareholders approval to raise Rs 5,000 crore through issuance of equity share, instrument and securities in one or more tranches in different currencies. The special resolution was approved in the Annual General Meeting held on August 10, 2017. The fund will be used to sustain rapid growth in the business, for business expansion and to improve the financial leveraging strength of the company.
Adani Transmission is engaged in providing establishing, commissioning, operating and maintaining electric power transmission systems in India. It offers operation and maintenance (O&M) support services. Adani Transmission operates as a subsidiary of Adani Enterprises.
