Adani Transmission has received shareholders' approval to raise up to Rs 8,500 crore through issuance of equity shares on qualified institutional placement basis. The company had sought shareholders' approval through postal ballot to raise up to Rs 8,500 crore by way of qualified institutional placement through issuance of equity shares and/or other eligible securities to eligible investors on May 15, 2023. The company's board had approved the proposal at a meeting on May 13, 2023.
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.
