Adani Transmission has got shareholders' nod to raise up to Rs 2,500 crore in one or more tranches through the issuance of equity shares, securities and debentures. The proposal to raise up to Rs 2,500 crore was passed by requisite majority in the annual general meeting (AGM) held on July 14, 2021.
The company had proposed to have the flexibility to infuse additional capital, to tap the capital markets and to raise additional long-term resources, if necessary. This was aimed at sustaining rapid growth in the business, expanding business, and improving the financial leveraging strength of the company.
Adani Transmission is a holding company. The company operates as a power transmission company. It is engaged in transmission of electric energy and trading of castor oil.
