Adani Power gets shareholders' nod to raise up to Rs 7,000 crore

12 Aug 2019

Adani Power has received approval from shareholders to raise up to Rs 7,000 crore by issuing equity shares, convertible debentures, bonds or other securities in one or more currencies in various tranches. The proposal received over 324 crore votes in its favour, accounting for 95.65 per cent of the total votes polled.

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.

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